A university is trying to determine what price to charge for tickets to football games. At a price of $18 per ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the average number. Every person at the game spends an average of $4.50 on concessions. a. b. Find the demand function. Find the revenue function.
A university is trying to determine what price to charge for tickets to football games. At a price of $18 per ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the average number. Every person at the game spends an average of $4.50 on concessions. a. b. Find the demand function. Find the revenue function.
Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Transcribed Image Text:14. A university is trying to determine what price to charge for tickets to football games. At a price of $18 per
ticket, attendance averages 40,000 people per game. Every decrease of $3 adds 10,000 people to the
average number. Every person at the game spends an average of $4.50 on concessions.
a.
b.
Find the demand function.
Find the revenue function.
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