The ticket price that would maximize the total revenue would be $ 23.
Given that a football team charges $ 30 per ticket and averages 20,000 people per game, and each person spend an average of $ 8 on concessions, and for every drop of $ 1 in price, the attendance rises by 800 people, to determine what ticket price should the team charge to maximize total revenue, the following calculation must be performed:
- 20,000 x 30 + 20,000 x 8 = 760,000
- 24,000 x 25 + 24,000 x 8 = 792,000
- 28,000 x 20 + 28,000 x 8 = 784,000
- 26,000 x 22.5 + 26,000 x 8 = 793,000
- 27,200 x 21 + 27,200 x 8 = 788,000
- 26,400 x 22 + 26,400 x 8 = 792,000
- 25,600 x 23 + 25,600 x 8 = 793,600
- 24,800 x 24 + 24,600 x 8 = 792,000
Therefore, the ticket price that would maximize the total revenue would be $ 23.
Learn more in brainly.com/question/7271015
39% has the same value as .39
Answer:
Follows are the solution to the given point:
Step-by-step explanation:
please find the correct question:
In choice a:
The smallest square line would be from the production.
Purchases of Cosmetics & Makeup Demo Clips are the factors used in the calculation.
In choice b:
The proportions of its variance of maquillage sales reveal by it's a linear relation to maquillage video tutorials is 
.
In choice c:
Because the vector Cosmetics Demonstration videos are critical with 5.11E-07 p-value, which is less than 0.05 and
. It may assume that increasing making-up purchases is attributed to tutorials for online makeup.
