Question

A university is trying to determine what price to charge for tickets to football games. at a price of ​$30 per​ ticket, attendance averages 40 comma 000 people per game. every decrease of ​$5 adds 10 comma 000 people to the average number. every person at the game spends an average of ​$5.00 on concessions. what price per ticket should be charged in order to maximize​ revenue? how many people will attend at that​ price?

Answer 1

Xmax = -44545.45 / -363.63 = 122.50

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