A new movie theater holds 300 people. They found that when the price was $8...

70.2K

Verified Solution

Question

Basic Math

image

A new movie theater holds 300 people. They found that when the price was $8 per ticket, theaverage sales would be 250 people per show. Each time they increase the price by $1, the averageattendance drops by 15 people. What price should they charge in order to maximize revenue?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students