What price per ticket should be charged in order to maximize revenue? How many people will attend at that price
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
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A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
A university is trying to determine what price to charge for tickets to football games. At a price of
per ticket, attendance averages
people per game. Every decrease of
adds
people to the average number. Every person at the game spends an average of
on concessions. What price per ticket should be charged in order to maximize revenue? How many people will attend at that price?
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