A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has been 28000. When the price dropped to $7, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has been 28000. When the price dropped to $7, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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Transcribed Image Text:A baseball team plays in a stadium that holds 62000
spectators. With the ticket price at $10 the average
attendance has been 28000. When the price dropped to $7,
the average attendance rose to 31000. Assume that
attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
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