17. The promotion manager of a new band is deciding how much to charge for concert tickets. She has calculated that if tickets are $28 each, then 220 people will come to the con- cert. For every $1 increase in price, however, 10 fewer people come. Complete the table to investigate the ticket price if the goal is to maximize the revenue. Ticket Price $27 $28 $29 Number of People 230 220 Conclusion: The maximum revenue of $ Total Money from Tickets (revenue) $28 x 220 = $6160 occurs when the ticket price is $
17. The promotion manager of a new band is deciding how much to charge for concert tickets. She has calculated that if tickets are $28 each, then 220 people will come to the con- cert. For every $1 increase in price, however, 10 fewer people come. Complete the table to investigate the ticket price if the goal is to maximize the revenue. Ticket Price $27 $28 $29 Number of People 230 220 Conclusion: The maximum revenue of $ Total Money from Tickets (revenue) $28 x 220 = $6160 occurs when the ticket price is $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
1) The question screenshot has been attached down below answer step-by-step.

Transcribed Image Text:17. The promotion manager of a new band is deciding how much to charge for concert
tickets. She has calculated that if tickets are $28 each, then 220 people will come to the con-
cert. For every $1 increase in price, however, 10 fewer people come.
Complete the table to investigate the ticket price if the goal is to maximize the revenue.
Ticket Price
$27
$28
$29
Number of People
230
220
Conclusion: The maximum revenue of $
Total Money from Tickets (revenue)
$28 X 220 $6160
occurs when the ticket price is $
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