A Small Theater Has a Seating Capacity of 2000 $R ( x ) = - 50 x ^ { 2 } + 2500 x , 10 \leq x \leq 20$

question 9

Multiple Choice

A small theater has a seating capacity of 2000.When the ticket price is $20,attendance is 1500.For each $1 decrease in price,attendance increases by 50.The revenue R of the theater as a function of ticket price x is as follows $R ( x ) = - 50 x ^ { 2 } + 2500 x , 10 \leq x \leq 20$ What ticket price will yield a maximum revenue?

• A)$55.00 ?
• B)$35.00 ?
• C)$25.00 ?
• D)$45.00 ?
• E)$65.00 ?

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Definitions:

Diversity of Product

The range or variety of different products offered by a business to cater to various customer needs.

Beachhead Market

An initial target market that a company focuses on penetrating to establish a strong presence before expanding to broader markets.

Crossing The Chasm

A marketing theory that describes the challenge of transitioning from early adopters of a product or service to a broader mainstream market.

Positioning

A marketing strategy that focuses on how your customers think or talk about product and company relative to competitors.