Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a university is trying to determine what price to

A university is trying to determine what price to charge for tickets to football games. At...

50.1K

Verified Solution

Question

Basic Math

A university is trying to determine what price to charge fortickets to football games. At a price of ​$27 per​ ticket,attendance averages 40,000 people per game. Every decrease of ​$33adds 10,000 people to the average number. Every person at the gamespends an average of ​$4.50 on concessions. What price per ticketshould be charged in order to maximize​ revenue? How many peoplewill attend at that​ price?

Answer & Explanation Solved by verified expert
3.6 Ratings (479 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Wilson Pharmaceuticals’ stock has done very well in the market during the last three years. It...

Finance
Q

Two carts sit on a horizontal, frictionless track; the spring between them is compressed. The small...

Physics
Q

Solve. ?b-2 = 8One or more solutions, b=No solution

Algebra
Q

7 3x 22x 35 A 3x 7 x 5 B 2x 7 x 7 C...

Algebra
Q

E13.4(LO 1) Company uses the straight-line method of amortization for bond premium or discount. ...

Accounting
Q

mework Help Save & Ext MC Qu108 Morgan Company issues." Morgan Company issues 20 year...

Accounting
Q

Blue Company sells one product. Presented below is information for January for Blue Company. ...

Accounting
Q

Debate This: Corporate law should be changed to prohibit management from using most of the...

Accounting
Q

Give three examples of an internal control over inventory or cash and explain the importance...

Accounting
Q

- mas comoda y soy to wwe te Gerson to buy the XC70 vestiges Mantang...

Finance
Q

17.4 Financial Statement...

Accounting
Q

The BRS Corporation makes collections on sales according to the following schedule: 30% in month...

Accounting