hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket price in order to maximize revenue.

hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket price in order to maximize revenue.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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A hockey arena has 1600 seats. When the price of tickets is $15 all tickets are sold. Market research indicates that for every dollar increase in price 60 less tickets will be sold. Determine the optimal ticket price in order to maximize revenue.

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