A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $8 the averageattendance has been 26000. When the price dropped to $7, the average attendance rose to 29000. Assumethat attendance is linearly related to ticket price.What ticket price would maximize revenue? $

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Answered: A baseball team plays in a stadium that…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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4. A baseball team in a stadium that holds 56000 spectators. With the ticket price at 59 the average attendance has been droppet 23000. When the rose attendance related to the linearly What price dropped to $, the average the attendance is tinca price. to 28000. Assume ticket ticket would the 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? $
A school can buy 150 textbooks for $9725. They could also buy 85 textbooks for $5630 under the same plan. Assuming a linear relationship, write the equation that describes the situation.
A $27,000 car has a resale value of $19,000 five years after it was purchased. Assuming the value of this car depreciates linearly, estimate the value of the car 8 years after it was purchased. Enter number only; if your answer is $12,345, enter 12345.
The equation y = 9x represents the relationship between the number of chocolate boxes sold (x) and the cost of the chocolate boxes (y). Predict the cost of the chocolate boxes if the number of boxes sold is 35. A.$225 B.$315 C.$350 D.$250
2. Find the dual to the following standard minimum problem. Find yl , y2 and y3 to minimize yl + 2y2+y3 , subject to the constraints, yi 20 for all i, and yl – 2y2 + y3 22 -yl + y2 + y3 24 2yl + y3 26 yl + y2 + y3 2 2. 3. Consider the problem of question 2. Show that (yl, y2, y3) = (2/3, 0, 14/3) is optimal for this problem, and that (x1, x2, x3, x4) = (0, 1/3, 2/3, 0) is optimal for the dual.
A car initially sold for $23,999. Its class life is 12 years, and the car depreciates by $750 each year. Express this as a linear function. Find the salvage value. Then, find the value after six years.
You decide to purchase a brand new boat for $20,000. You sell it 7 years later for its worth of $7500. Assuming the boat's value depreciates linearly, how much was it worth 4.5 years after you bought it? It is worth S (Round answer to nearest dollar.)
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $12 the average attendance has been 28000. When the price dropped to $11, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: Video Submit Question

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