Question: A Football Team Charges $30 Per Ticket And Averages 20,000 People Per Game. Each Person Spends An Average Of $8 On Concessions. For Every Drop 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.
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A football team charges $30 per ticket and averages 20,000 people per game. Each person spends an average of $8 on concessions. For every drop 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.
