The average ticket price for a concert at the opera house was $25. The average attendance was 4500. When the ticket price was raised to $28, attendance declined to an average of 4200 persons per performance. What should the ticket price be to maximize revenue for the opera house? (Assume a linear demand curve.) ... To maximize revenue, the price should be $ per ticket. (Type an integer or decimal rounded to two decimal places as needed. Simplify your answer.)
The average ticket price for a concert at the opera house was $25. The average attendance was 4500. When the ticket price was raised to $28, attendance declined to an average of 4200 persons per performance. What should the ticket price be to maximize revenue for the opera house? (Assume a linear demand curve.) ... To maximize revenue, the price should be $ per ticket. (Type an integer or decimal rounded to two decimal places as needed. Simplify your answer.)
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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