A university is trying to determine what price to charge for tickets to football games. At a price of $16 per ticket, attendance averages 40,000 people per game. Every decrease of $4 adds 10,000 people to the average number. Every person at the spends an average of $6.00 on concessions. What price per ticket should be charged order to maximize revenue? How many people will attend at that price? What is the price per ticket? What is the average attendance? people
A university is trying to determine what price to charge for tickets to football games. At a price of $16 per ticket, attendance averages 40,000 people per game. Every decrease of $4 adds 10,000 people to the average number. Every person at the spends an average of $6.00 on concessions. What price per ticket should be charged order to maximize revenue? How many people will attend at that price? What is the price per ticket? What is the average attendance? people
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.1: Use A Problem-solving Strategy
Problem 3.22TI: U.S. Census data shows that the median price of new home in the United States in November 2014 was...
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