Question: Previous Problem Problem List Next Problem (1 point) This problem is modeled on one from your textbook. At a price of $8.5 per ticket, a

Previous Problem Problem List Next Problem (1 point) This problem is modeled on one from your textbook. At a price of $8.5 per ticket, a musical theater group can fill every seat in their 1350 seat performance hall. For every additional dollar charged for admission, the number of tickets sold drops by 90. a) What ticket price maximizes revenue? Round your answer to the nearest cent. price = $ b) How many seats are sold at that price? Round your answer to the nearest whole number. number of seats sold =
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
