A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $10 the averageattendance has been 28000. When the price dropped to $9, the average attendance rose to 35000. Assumethat attendance is linearly related to ticket price.What ticket price would maximize revenue? $Submit Question

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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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Tick the true statements. Every linear relationship is an example of direct proportion. If the relationship between demand and price is linear, then the relationship between revenue and price will be quadratic. The relationship between the number of people sharing a cake, fairly, and the amount they get each is an example of a quadratic relationship. The relationship between the number of mars bars I buy and the total price I pay for them is a linear relationship. If the relationship between demand and price is quadratic, then the relationship between revenue and price will be linear. The relationship between any quantity and itself is always non-linear. The relationship between the number of people sharing a cake, fairly, and the amount they get each is an example of inverse proportion. Every direct proportion relationship is an example of a linear relationship.
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A farmer sells his corn for $220 a metric ton with a small surcharge of $15. His neighbour sells her corn crop for $220 a metric ton and gives a $20 rebate. Write the cost model equations for both farmers and find the amount of corn that makes the costs equal. Write the cost model equations for the first farmer. Use x to represent the number of tons. The variable C represents the total cost. C=
. Hourly Wage A manuscript translator charges astarting fee of $50 plus $2.50 per page translated. Writea linear equation for the amount A earned for translatingp pages.
A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $12 the average attendence has been 29000. VWhen the price dropped to $10, the average attendence rose to 33000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $ Submit Question
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
After 25 years, your savings account has now grown to $16,200 and has an interest of 6.1% that compounds continuously. How much did you deposit at the beginning of the account
The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. 220- 210 200 190 180 170 160 150 Year 0 130- 120- 110- 100- 90 801 6 12 15 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t) = 9.44t + 84.182. Retail Sales 85.851 108.426 141.781 169.256 202.297 222.266 3 6 9 12 15 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2015. billions of dollars.

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