1. ## optimization problem #2

Hi, I need help with this optimization problem...

suppose that 20,000 fans will go to a ball game when the price of a ticket is $5 and that 500 fewer fans will go for each$1 increase in ticket price. What should the ticket price be in order to maximize revenue?

2. Originally Posted by mike21
Hi, I need help with this optimization problem...

suppose that 20,000 fans will go to a ball game when the price of a ticket is $5 and that 500 fewer fans will go for each$1 increase in ticket price. What should the ticket price be in order to maximize revenue?

here's a couple of ideas to get you started...

1. let x = number of \$1 price changes

2. Revenue = (ticket price)(attendance)

set up a revenue equation and show us something.