The average ticket price for a concert at the opera house was $35. The average attendance was 3000. When the ticket price was raised to
The average ticket price for a concert at the opera house was $35. The average attendance was 3000. When the ticket price was raised to $40, attendance declined to an average of 2500 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
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