A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $7, the average attendance rose to 24000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? s
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $7, the average attendance rose to 24000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? s
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter12: Queueing Models
Section12.5: Analytic Steady-state Queueing Models
Problem 17P
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