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What season ticket price will maximize revenue

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Reference no: EM131404647

Varota United Football Club want to set a price for a season ticket that will maximize their revenue from season tickets.
Past experience suggests that total season ticket revenue in £, y, is related to the price in £, x, in keeping with the equation:

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(a) What season ticket price will maximize revenue?

(b) Show that the revenue equation will be maximized at this price using the second derivative.

(c) Calculate the maximum revenue.

Reference no: EM131404647

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