The cost of a ticket to a hockey arena seating 8000 people is $18. At

1.	The cost of a ticket to a hockey arena seating 8000 people is $18. At this price, everyticket is sold. A survey indicates that for every $2 increase per ticket, attendance willdrop by 500 people.a) What is the maximum revenue? b) What ticket price would result in the greatest revenue? c) How many tickets must be sold to maximize the revenue?
Answer» Answer: a) 8000 b) $18 C) 5 this is the answer of this question

The cost of a ticket to a hockey arena seating 8000 people is $18. At this price, everyticket is sold. A survey indicates that for every $2 increase per ticket, attendance willdrop by 500 people.a) What is the maximum revenue? b) What ticket price would result in the greatest revenue? c) How many tickets must be sold to maximize the revenue?

Answer»

Answer:

a) 8000 b) $18 C) 5 this is the answer of this question