Entertainment a theater has been staging childrens plays, Ask an Expert

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Entertainment A theater has been staging children's plays during the summer. The average attendance at each performance is 400 people, and the cost of a ticket is $3. Next summer, the theater manager would like to increase the cost of the tickets, while maximizing profits. The manager estimates that for every $1 increase in ticket price, the attendance at each performance will decrease by 20.

a. What price should the manager propose to maximize profits?

b. What maximum profit might be expected?

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92163064

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