A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, at

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, at

Post by answerhappygod »

A University Is Trying To Determine What Price To Charge For Tickets To Football Games At A Price Of 24 Per Ticket At 1
A University Is Trying To Determine What Price To Charge For Tickets To Football Games At A Price Of 24 Per Ticket At 1 (15.75 KiB) Viewed 22 times
A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the average number. Every person at the game spends an average of $4.50 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price? What is the price per ticket? What is the average attendance? people 0 10
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply