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A university is trying to determine what price to charge for tickets to football games. At a price of ?$ 15 15 per?ticket, attendance averages
A university is trying to determine what price to charge for tickets to football games. At a price of ?$15
15 per?ticket, attendance averages 40 comma 000
40,000 people per game. Every decrease of ?$3
3 adds 10 comma 000
10,000 people to the average number. Every person at the game spends an average of ?$3.00
3.00 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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