A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $9 the average attendence has been 24000. When the price dropped to $8, the average attendence rose to 28000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $

College Algebra
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ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
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Problem 115RE: Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the...
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A baseball team plays in a stadium that holds 56000
spectators. With the ticket price at $9 the average
attendence has been 24000. When the price dropped to $8,
the average attendence rose to 28000. Assume that
attendence is linearly related to ticket price.
What ticket price would maximize revenue? $
Transcribed Image Text:A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $9 the average attendence has been 24000. When the price dropped to $8, the average attendence rose to 28000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
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