Solved: Maximum Revenue A small theater has a seating
Chapter , Problem 3.1.83(choose chapter or problem)
Maximum Revenue A small theater has a seating capacity of 2000. When the ticket price is $20, attendance is 1500. For each $1 decrease in price, attendance increases by 100. (a) Write the revenue of the theater as a function of ticket price (b) What ticket price will yield a maximum revenue? What is the maximum revenue?
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