Stadium Revenue A baseball team plays in a stadium thatholds 55,000 spectators. With the ticket price at $10, theaverage attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price islowered, attendance increases by 3000.(a) Find a function that models the revenue in terms of ticketprice.(b) Find the price that maximizes revenue from ticket sales.(c) What ticket price is so high that no revenue is generated?
Stadium Revenue A baseball team plays in a stadium thatholds 55,000 spectators. With the ticket price at $10, theaverage attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price islowered, attendance increases by 3000.(a) Find a function that models the revenue in terms of ticketprice.(b) Find the price that maximizes revenue from ticket sales.(c) What ticket price is so high that no revenue is generated?
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 24CR
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Stadium Revenue A baseball team plays in a stadium that
holds 55,000 spectators. With the ticket price at $10, the
average attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price is
lowered, attendance increases by 3000.
(a) Find a function that models the revenue in terms of ticket
price.
(b) Find the price that maximizes revenue from ticket sales.
(c) What ticket price is so high that no revenue is generated?
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