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 $10, 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 $10, the average attendence rose to 29000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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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 $10, the average attendence rose to 29000. Assume that attendence is linearly related to ticket price.
What ticket price would maximize revenue?
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