A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $8 the average attendence has been 24000. When the price dropped to $6, the average attendence rose to 30000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
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ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
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A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $8 the average
attendence has been 24000. When the price dropped to $6, the average attendence rose to 30000. 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 60000 spectators. With the ticket price at $8 the average attendence has been 24000. When the price dropped to $6, the average attendence rose to 30000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $
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