A university is trying to determine what price to charge for tickets to a football game. At
Fantastic news! We've Found the answer you've been seeking!
Question:
A university is trying to determine what price to charge for tickets to a football game. At a price of $24 a ticket, attendance averages 40,000 people per game. Every decrease of $4 adds 10,000 people to the average number. Every person at the game spends an average of $4.00 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
Related Book For
Posted Date: