A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendance averages 40,000 people per game. Every decrease of $4 adds 10,000 people to the average number. Every person at the game spends an average of $6.00 on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?

Question

A university is trying to determine what price to charge for tickets to football games. At a price of ​$24 per​ ticket, attendance averages 40,000 people per game. Every decrease of ​$4 adds 10,000 people to the average number. Every person at the game spends an average of ​$6.00 on concessions. What price per ticket should be charged in order to maximize​ revenue? How many people will attend at that​ price?

anonymous · Answer

thank you