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April 18, 2014

Homework Help: Discrete Mathematics

Posted by Joy on Tuesday, July 30, 2013 at 3:53am.

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).

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