Mathematics, 16.01.2021 14:00 lwhit123
a band is playing a 5000 seat arena and determines that if it sells tickets for $50 each, it will only sell 2,000 tickets. at decides to sell tickets at reduced prices in order to sell more tickets, and discovers that that for each $5 it reduces prices, it will sell an additional 500 tickets. what is the optimal ticket price if the band wants to maximize the revenue from this concert?
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