A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $11 the average attendance has been 23000. When the price dropped to $8, the average attendance rose to 26000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter5: Polynomial And Rational Functions
Section5.1: Quardratic Functions
Problem 74SE: A soccer stadium holds 62,000 spectators. With aticket price of$11, the average attendance has...
icon
Related questions
Topic Video
Question
A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $11 the
average attendance has been 23000. When the price dropped to $8, the average attendance rose to
26000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
Question Help: DVideo
Transcribed Image Text:A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $11 the average attendance has been 23000. When the price dropped to $8, the average attendance rose to 26000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: DVideo
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill