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Dovator [93]
3 years ago
12

At a price of per ticket, a musical theater group can fill every seat in the theater, which has a capacity of . For every additi

onal dollar charged, the number of people buying tickets decreases by . What ticket price maximizes revenue? Revenue is maximized when the price is
Mathematics
1 answer:
hoa [83]3 years ago
3 0

Answer:

The appropriate answer is "$12".

Step-by-step explanation:

As per the question,

Price per ticket,

= 4+k

Number of people,

= 1800-90k

Now,

The revenue (R) will be:

= Price \ per \ ticket\times Number \ of \ people

By putting the values, we get

= (4+k) (1800-9k)

= -90k^2+1440k+7200

or,

⇒ R'=1440-180k=0

⇒                     180k=1440

⇒                          k=\frac{1440}{180}

                               =8

hence,

The ticket price will be:

= 4+k

= 4+8

= 12 ($)

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