Question17. The promotion manager of a new band is deciding how much to charge for concert tickets. It was calculated that if tickets are each, then 220 people will come to the concert. For every increase in price, however, 10 fewer people come.
Complete the table to investigate the ticket price if the goal is to maximize the revenue.
\begin{tabular}{|c|c|c|}
\hline Ticket Price & Number of People & Total Money from Tickets (revenue) \\
\hline & & \\
\hline & & \\
\hline & & \\
\hline & & \\
\hline & 230 & \\
\hline & 220 & \\
\hline & & \\
\hline
\end{tabular}
Conclusion: The maximum revenue of occurs when the ticket price is .
Studdy Solution
Compare the revenues calculated for each ticket price.
The maximum revenue of \$6210 occurs when the ticket price is \$27.
Conclusion: The maximum revenue of \$6210 occurs when the ticket price is \$27.
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