Question
Student government is selling prom tickets for $60. They expect 100 to be sold at the price. If they lower the price by $1, an
Student government is selling prom tickets for $60. They expect 100 to be sold at the price. If they lower the price by $1, an additional 2 tickets will be sold. How many students must attend and at what price to maximise the revenue?
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Step: 1
To maximize revenue we need to determine the optimal price and the corresponding number of tickets t...
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
