Please, use desmos.com to do this problem.
- You are the assistant manager for your assigned NFL team trying to determine what price to charge for tickets to football games. Please, research the average ticket price, attendance and concession for your team.
At a price of $$ per ticket, attendance, averages say 50,000 people per game. Every decrease of $1 adds 0.025% or 0.05% more people to that average number. The average concession is $$ per person per game.
- Determine a revenue function and simplify (total revenue function)
- What price per ticket should be charged in order to maximize the revenue?
- What is the maximum revenue?
- How many people will attend the game at the price?
Research the whole data https://www.forbes.com