A baseball team is trying to determine what price to charge for tickets. At a price of per ticket, it averages people per game. For every increase of $1, it loses 5,000 people. Every person at the game spends an average of $5 on concessions. What price per ticket should be charged in order to maximize revenue?
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Ответ:
The amount included in his gross income is $30
Explanation:
The computation of the amount included in his gross income is shown below:
The Amount to be involved in gross income is
= First amount - (purchase value of a life annuity ÷ expectancy life)
= $50 - ($2,000 ÷ 100)
= $50 - $20
= $30
Hence, the amount included in his gross income is $30
We simply applied the above formula so that the correct amount could come