A university is trying to determine what price to charge for tickets to football games. At a price of $21 per ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the average number. Ever 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
A university is trying to determine what price to charge for tickets to football games. At a price of $21 per ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the average number. Ever 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
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.CR: Chapter Review
Problem 87E
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A university is trying to determine what price to charge for tickets to football games. At a price of $21 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
XXX](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0d8a9dc-adca-4ad4-981d-6c0118f80409%2F8176ef6a-522c-46ad-8719-9e9a28f5683c%2Fjp5ugbq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:←
A university is trying to determine what price to charge for tickets to football games. At a price of $21 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
XXX
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