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Mathematics, 19.01.2021 18:50 wannaoneisforever
Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games. At a price of 518 per ticket, attendance averages 40,000 people per game. Every decrease of 53 to the ticket price adds 10,000 people to the average attendance. Every person at a game spends an average of 54.50 on concessions.
What price per ticket should be charged to maximize revenue?
How many people will attend at that price?
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