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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Answer:
Cost of one pencil: 
Cost of one eraser: 
Step-by-step explanation:
Let be "p" the cost in dollars of one pencil and "e" the cost in dollars of one eraser.
Based on the information given in the exercise, you can set up the following system of equations:
You can use the Elimination Method to solve the system of equations.
Multiply the first equation by -3 ad the second one by 4. Then add the equations and solve for "e":
{
Substitute the value of "e" into any original equation and solve for "p":
Answer: The answer for x is 28.
Step-by-step explanation: Divide 70 by 10 and you get 7, which is the slope. Then multiply 4x7 and that gets you 28!
