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This test: 85 point(s) Test: Final Exam MML possible This question: 5 Submit test point(s) possible The average ticket price for a concert at the
This test: 85 point(s) Test: Final Exam MML possible This question: 5 Submit test point(s) possible The average ticket price for a concert at the opera house was $40. The average attendance was 1500. When the ticket price was raised to $43, attendance declined to an average of 1200 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. (Type an integer or decimal rounded to two decimal places as needed. Simplify your answer.) Time Remaining: 00:46:15 Next O P 10:24 PM 5/9/2022 O R P F G H K B N
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