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.
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1-1/6*3/2
multiply the two fractions
1/6*3/2
Cross out 3 and 6, divide by 3.
1/2 * 1/2
multiply the numerators together
1*1=1
multiply the denominators together
2*2=4
1-1/4
pretend that 1 has a denominator which is 1
1/1-1/4
find the common denominator for 1/1 which is 4
multiply by 4 for 1/1
1*4/1*4=4/4
4/4-1/4
Answer:
3/4
M=230
m-80=150
add 80 to each sides
Answer:
Step-by-step explanation:
We are given that
We have to find the value of given logarithms by using change-base formula
Base-change formula:
Where x=New base
Using the formula then, we get
Substitute the values 
Then,we get
Answer:
x = -1
Step-by-step explanation:
