A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $11 the average attendance has been 19000. When the price dropped to $10, the average attendance rose to 23000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $

Q: Depreciation is the decrease or loss in value of an item due to age, wear, or market conditions. We…

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Q: $6,

A: For maximum revenue tickets price $15

Q: The percentage of citizens who have trust in newspapers declined approximately linearly from 35% in…

A: Answer: From the given data, The percentage of citizens who have trust in newspapers in 2003 = 35%…

Q: If you rent a car and drive 50 miles, it costs you $70. If you rent a car and drive 150 miles, it…

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Q: State the type of relationship and justify. Assume the SECOND variable is the INDEPENDENT variable.…

A: Type of relationship: If both variables are in same direction (increases or decreases together), it…

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12, the…

A: Given a baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12,…

Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $11 the…

A: Stadium holds a total of 52000 spectators. With ticket price at $11 the average attendance is 23000.…

Q: Find a linear cost function. Twelve units cost $445; 50 units cost $1585.

A: Consider, the cost function be C(x)=mx+b where m is the cost  per unit item and b is additional…