Question
Maximum Revenue A small theater has a seating capacity of 2.000. When the ticket price is $10, attendance is 1,500. After a price decrease
Maximum Revenue A small theater has a seating capacity of 2.000. When the ticket price is $10, attendance is 1,500. After a price decrease of $2, however, the attendance increased to 1,700. Assuming that the demand function is linear, what ticket price (in dollars) will maximize the revenue? Need Help?
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Algebra and Trigonometry
Authors: Ron Larson
10th edition
9781337514255, 1337271179, 133751425X, 978-1337271172
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