A baseball team plays in a stadium that holds 62000 spectators. With the icket price at $10 the average attendance has been 24000. When the price Iropped to $7, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ [ Preview

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A baseball team plays in a stadium that holds 62000 spectators. With the
icket price at $10 the average attendance has been 24000. When the price
Iropped to $7, the average attendance rose to 31000. Assume that
attendance is linearly related to ticket price.
What ticket price would maximize revenue? $ [
Preview
Transcribed Image Text:A baseball team plays in a stadium that holds 62000 spectators. With the icket price at $10 the average attendance has been 24000. When the price Iropped to $7, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ [ Preview
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