The current price of an amateur theater tickets is $20, and the venue typically sells 500 tickets. A survey found that for each $1 increase in ticket price, 10 fewer tickets are sold. (a) What is the...


The current price of an amateur theater tickets is $20, and the venue typically sells 500 tickets. A survey<br>found that for each $1 increase in ticket price, 10 fewer tickets are sold.<br>(a) What is the number of $1 increases in price that will maximize the revenue?<br>Note: Revenue (number of items sold) x (price of per item)<br>%3D<br>b) What price per ticket will maximize the revenue?<br>c) What is the maximum revenue?<br>

Extracted text: The current price of an amateur theater tickets is $20, and the venue typically sells 500 tickets. A survey found that for each $1 increase in ticket price, 10 fewer tickets are sold. (a) What is the number of $1 increases in price that will maximize the revenue? Note: Revenue (number of items sold) x (price of per item) %3D b) What price per ticket will maximize the revenue? c) What is the maximum revenue?

Jun 07, 2022
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