An event is being held which has a fixed cost of $750 and a variable...
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Accounting
An event is being held which has a fixed cost of $750 and a variable cost of $5 per attendee. The expected attendance (A) is elastic with its ticket price (p) according to the formula A(p) = 450-15p. What price should be set to maximize the organizers profit? Round your answers to two decimals (in $).
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