A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendence has been 24000. When the price dropped to $7, the average attendence rose to 31000. Assume that attendence is linearly related to ticket price.
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendence has been 24000. When the price dropped to $7, the average attendence rose to 31000. Assume that attendence is linearly related to ticket price.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average
attendence has been 24000. When the price dropped to $7, the average attendence rose to 31000. Assume
that attendence is linearly related to ticket price.
What ticket price would maximize revenue? $
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