How much to charge for tickets to maximize revenue


Assume we own the stadium which is hosting the upcoming Match. If we price tickets at $10, then we will sell 10,000 tickets. Assume increase of one dollar results in 200 fewer seats being sold. Assume we expect every person in attendance to spend $15 on food. How much must we charge for tickets to maximize revenue? How many tickets will be sold at given price? Find maximum revenue be? Assume there is no limit on seating.

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Mathematics: How much to charge for tickets to maximize revenue
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