A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $10 the average attendence has been 22000. When the price dropped to $9, the average attendence rose to 27000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $10 the average attendence has been 22000. When the price dropped to $9, the average attendence rose to 27000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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Transcribed Image Text:A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $10 the average
attendence has been 22000. When the price dropped to $9, the average attendence rose to 27000. Assume
that attendence is linearly related to ticket price.
What ticket price would maximize revenue? Ş
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