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A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $8 the average attendance has been 29000. When the price dropped to $5, the average attendance rose to 35000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $

A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $8 the average attendance has been 29000. When the price dropped to $5, the average attendance rose to 35000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $8 the average attendance has been 29000. When the price dropped to $5, the average attendance rose to 35000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
Transcribed Image Text:A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $8 the average attendance has been 29000. When the price dropped to $5, the average attendance rose to 35000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
The Pear company sells pPhones. The cost to manufacture x pPhones is C(x) = - 20x² + 60000x + 20003 dollars (this includes overhead costs and production costs for each pPhone). If the company sells x pPhones for the maximum price they can fetch, the 28x²+284000€ dollars. revenue function will be R(x): How many pPhones should the Pear company produce and sell to maximimze profit? X= =
Transcribed Image Text:The Pear company sells pPhones. The cost to manufacture x pPhones is C(x) = - 20x² + 60000x + 20003 dollars (this includes overhead costs and production costs for each pPhone). If the company sells x pPhones for the maximum price they can fetch, the 28x²+284000€ dollars. revenue function will be R(x): How many pPhones should the Pear company produce and sell to maximimze profit? X= =
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