Question
An auditorium has 1600 seats. At a ticket price of $6, the owners can sell 1200 tickets. For each 25 cent increase in price the tickets sold reduces by 25. What price should the owners set to maximize the income?
Income=(6+.25x)(1200-25x)
Generalize and analyze this equation.
Income=(6+.25x)(1200-25x)
Generalize and analyze this equation.
Answers
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