A university is trying to determine what price to charge for tickets to football games. At a price of $22 per ticket, attendance averages 40,000 people per game. Every decrease of $2 adds 10,000 people to the average number. Every person at the game spends an average of $5 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
A university is trying to determine what price to charge for tickets to football games. At a price of $22 per ticket, attendance averages 40,000 people per game. Every decrease of $2 adds 10,000 people to the average number. Every person at the game spends an average of $5 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 3P
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A university is trying to determine what price to charge for tickets to football games. At a price of $22 per ticket, attendance averages 40,000 people per game. Every decrease of $2 adds 10,000 people to the average number. Every person at the game spends an average of $5 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
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