A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $9 the average attendance has been 30000. When the price dropped to $8, the average attendance rose to 34000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $9 the average attendance has been 30000. When the price dropped to $8, the average attendance rose to 34000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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Transcribed Image Text:A baseball team plays in a stadium that holds 68000
spectators. With the ticket price at $9 the average
attendance has been 30000. When the price dropped to $8,
the average attendance rose to 34000. Assume that
attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
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