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Discrete Mathematics

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When a theater charges $50 per ticket, a sold-out crowd of 600 will buy tickets. For every $5 increase in ticket price, 6 fewer people buy tickets. What ticket price would maximize the theater’s revenue? (Recall that revenue = price • quantity).

  • Discrete Mathematics - ,

    r = price * quantity
    = p(600-((p-50)/5)*6)
    = 660p - 6/5 p^2

    max r at p = 275

  • Discrete Mathematics - ,

    hjh

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