Exercise 3.1.1: (back)
Solution: ========= - 120 People can afford to pay $5.00 for a ticket - Decreasing the ticket price by $0.10 will allow an additional 15 extra people to be to afford to buy a ticket. This means for every reduction of $1.00 from the original ticket price, and additional 150 people can afford to buy a ticket. - If the ticket price was decreased by $2.00 to $3.00 per ticket, 420 people would be able to afford to buy a ticket (120 + 150 + 150 = 420). - Ticket Price = $5.00, then 120 people can attend. Ticket Price = $4.00, then 270 people can attend. Ticket Price = $3.00, then 420 people can attend.