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? $
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
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 40E
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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? $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1a2d46c-7922-4557-987b-de9ad08df9f1%2F44496325-4fd4-45fa-b5ad-529a8cdd3dd8%2F0t11d4_processed.jpeg&w=3840&q=75)
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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