A university is trying to determine what price to charge for tickets to football games. At a price of $18 per ticket,
Posted: Tue May 10, 2022 5:02 pm
A university is trying to determine what price to charge for
tickets to football games. At a price of $18 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 $6.00 on concessions. What price per ticket
should be charged in order to maximize revenue? How many
people will attend at that price?
tickets to football games. At a price of $18 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 $6.00 on concessions. What price per ticket
should be charged in order to maximize revenue? How many
people will attend at that price?