11) A baseball team is trying to determine what price to charge for tickets. At a price of $10 per ticket, it averages 45,000 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?
11) A baseball team is trying to determine what price to charge for tickets. At a price of $10 per ticket, it averages 45,000 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?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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