A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $6, the average attendance rose to 25000. Assume that attendance is linearly related to ticket price
A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $6, the average attendance rose to 25000. Assume that attendance is linearly related to ticket price
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $6, the average attendance rose to 25000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? s
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