A university is trying to determine what price to charge for tickets to football games. At a price of ​$ per​ ticket, attendance averages people per game. Every decrease of ​$ adds people to the average number. Every person at the game spends an average of ​$ on concessions. What price per ticket should be charged in order to maximize​ revenue? How many people will attend at that​ price?

Answers

Answer 1

This question is incomplete, the complete question is;

A university is trying to determine what price to charge for tickets to football games. At a price of ​$24 per​ 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 on concessions. What price per ticket should be charged in order to maximize​ revenue? How many people will attend at that​ price?

Answer:

a) price per ticket = $18

b) 55,000 will attend at that price

Step-by-step explanation:

Given that;

price of ticket = $24

so cost of ticket = 24 - x

every decrease of $4 adds 10,000 people

for $1 adds 2,500 people

Total people = 40000 + 2500x

Revenue function = people × cost + people × 4

so

R(x) = (40000 + 2500x)(24 - x) + (40000 + 2500x)4

R(x) = 960,000 - 40000x + 60000x - 2500x² + 160,000 + 10000x

R(x) = 1120000 + 30000x - 2500x²

R(x) = -2500x² + 30000x + 1120000

now for maximum revenue; R'(x) is to zero

so

R'(x) = d/dx(  -2500x² + 30000x + 1120000 ) = 0

⇒ -5000x + 30000 + 0 = 0

⇒ -5000x + 30000 = 0

⇒ 5000x = 30000

x = 30000 / 5000

x = 6

R'(X) = -5000 < 0 ⇒ MAXIMUM

∴ Revenue is maximum at x = 6

so cost of ticket ;

price per ticket = (24 - x) = 24 - 6 = $18

so price per ticket = $18

Number of people = 40000 + 2500x

= 40000 + (2500 × 6)

= 40000 + 15,000

= 55,000

Therefore, 55,000 will attend at that price


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thanks to whoever can help!!! <3

Answers

Answer:

arrange it first in increasing order

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Answer:

78

Step-by-step explanation:

what does the y equal in the system of equations y= 2x-7 and 5x+2=4

Answers

Answer:

y = -31/5

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Multiplication Property of Equality Division Property of Equality Addition Property of Equality Subtract Property of Equality

Algebra I

Solving systems of equations using substitution/elimination

Step-by-step explanation:

Step 1: Define Systems

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Answers

Answer:option a

Step-by-step explanation:

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Answers

Answer:

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pls show work

Answers

Answer:

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Step-by-step explanation:

5/2(-13) +7=-25.5

Answer:

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Step-by-step explanation:

Given

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substituting f(x) = -13 in the function

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Answers

Answer:

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https://brainly.com/question/14335762

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

I hope this helps :))

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Hey there!

The answers to your question are C, D, and E

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Answers

Answer:

The volume is increasing at a rate of 16286 in³/min.

Step-by-step explanation:

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[tex]\frac{dV}{dt} = 16286 in^{3}/min[/tex]

Therefore, the volume is increasing at a rate of 16286 in³/min.

I hope it helps you!                                    

Cheyenne's car is in the shop, so she needs to rent a car for 4 days. The cost of a rental car is $24.99 per day, and she will be charged $0.18 per mile for every mile she drives over 200 miles. If she drives 300 miles and the sales tax she pays on the rental is 5.5%, how much will she pay for this rental?

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3) Find the cost for miles over 200.

4) Find the total cost including the cost to rent and the cost for miles.

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A.
$124.45
B.
$117.96
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D.
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Father

Step-by-step explanation:

Hhhh

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29

Step-by-step explanation:

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A, C, F

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3

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Hope this helped!

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