A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $8 the average attendance has been 20000. When the price dropped to $7, the average attendance rose to 23000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ 14.6 X

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Chapter2: Functions And Graphs
Section2.4: Writing And Graphing Equations Of Lines
Problem 99E
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A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $8 the
average attendance has been 20000. When the price dropped to $7, the average attendance
rose to 23000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $ 14.6
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Transcribed Image Text:A baseball team plays in a stadium that holds 46000 spectators. With the ticket price at $8 the average attendance has been 20000. When the price dropped to $7, the average attendance rose to 23000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ 14.6 Question Help: Submit Question Video X
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