A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $11 the average attendence has been 26000. When the price dropped to $9, the average attendence rose to 29000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $11 the average attendence has been 26000. When the price dropped to $9, the average attendence rose to 29000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Transcribed Image Text:A baseball team plays in a stadium that holds 58,000 spectators. With the ticket price at $11 the average attendance has been 26,000. When the price dropped to $9, the average attendance rose to 29,000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $____
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