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Elena-2011 [213]
3 years ago
10

A football team charges $30 per ticket and averages 20,000 people per game. Each person spend an average of $8 on concessions.Fo

r everydrop of $1 in price,the attendance rises by 800 people.What ticket price should the team charge to maximize total revenue? Calculate the TR max.
Mathematics
1 answer:
olya-2409 [2.1K]3 years ago
4 0

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

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Step-by-step explanation:

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3 years ago
The height of Mountain Pis 1,086 feet. The height of Mountain Q is 4 times the
Afina-wow [57]

Answer:

4,344 feet

Step-by-step explanation:

Mt. P is 1,086 feet tall. It says that Mt. Q is 4 times that. 1,086 x 4 is 4,344.

5 0
2 years ago
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Casper bought some pencils at .50 each. He had $3 left after the purchase. If he wanted to buy the same number of note pads at .
Nesterboy [21]

<u>Answer:   </u>

Required linear equation to get number of pencils purchased by Casper is 3x – 45 = 0 where x represents number of pencils and number of pencils Casper purchased = 15.

<u>Solution: </u>

Let’s assume number of pencils purchased by Casper = x

As given price of each pencil is 0.50 , so price of x pencils = 0.50x = 0.5x

Also given that she was left with $3 after buying x pencils.

So initial amount which was with casper = price of x pencils + amount he was left with.

=> Initial amount with Casper = 0.5x + 3    ------(1)

Now consider second scenario  

If Casper wanted to buy same number of notepad at price of 0.80 each , then

Total amount need for x notepad = 0.80x = 0.8x

But its also given that he will be short of $1.5.

So initial amount with Casper = 0.80x – 1.5 ------(2)

On equating initial amount with casper using equation (1) and equation(2) we get

0.5x + 3 = 0.8x – 1.5

=> 0.8x – 0.5x = 3 + 1.5

=> 0.3x = 4.5

=> 0.3x – 4.5 = 0  

=> 3x – 45 = 0

So linear equation for x that is number of pencils he purchased is 3x – 45 = 0 where variable x represents number of pencils.

On solving the linear equation 3x – 45 = 0 for x we get

3x = 45

x = 15

Hence required linear equation to get number of pencils purchased by Casper is 3x – 45 = 0 where x represents number of pencils and number of pencils Casper purchased = 15.

7 0
3 years ago
Simplify [(-64)÷8]÷(-8)​
choli [55]

Answer:

1

Step-by-step explanation:

Follow PBEMDAS:

Parenthesis

Brackets

Exponents (& Roots)

Multiplication

Division

Addition

Subtraction

~

First, divide -64 with 8:

-64/8 = -8

Next, divide -8 with -8:

-8/-8 = 1

1 is your answer.

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3 years ago
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Write your answer below. Your
liberstina [14]

Answer:

7/10 or 0.7

Step-by-step explanation:

hope it helps

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