Homework Help: Calculus

Posted by Erika on Wednesday, November 3, 2010 at 12:55am.

At a price of $7.5 per ticket, a musical theater group can fill every seat in their 1550 seat performance hall. For every additional dollar charged for admission, the number of tickets sold drops by 55.
a) What ticket price maximizes revenue? Round your answer to the nearest cent.
price = $

b) How many seats are sold at that price? Round your answer to the nearest whole number.
number of seats sold =

No one has answered this question yet.

Answer this Question

Related Questions

math - a 6,000 seat theater has tickets for sale at $26 and $40 . How many ...
Physics - A ferris wheel, radius 5.0m, rotates once every 8.4 seconds. a) What ...
math - The city bus company usually transports 12000 riders per day at a ticket ...
math - The city bus company usually transports 12000 riders per day at a ticket ...
math - A film industry screening theater has 6 seats in the first row and 5 rows...
Economics - Suppose that a movie theater owner faces the demand curve given by P...
math - Finding a break-even point: How do I set up the equation and solve? ...
Algebra - A theater ticket for adults is a dollars and the price of a child'...
math - Write the answer to the problem as an algebraic expression. A theater ...
Algebra - Write the answer to the problem as an algebraic expression. A theater ...

For Further Reading

First Name:
School Subject:
Answer: