A baseball team plays in a stadium that holds 57,000 spectators. With the ticket price at $10, the average attendance at recent games has been 24,000. 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. (Let x represent the price of a ticket and R represent the revenue.) R(x) = (b) Find the price that maximizes revenue from ticket sales. $ (c) What ticket price is so high that no revenue is generated? $
A baseball team plays in a stadium that holds 57,000 spectators. With the ticket price at $10, the average attendance at recent games has been 24,000. 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. (Let x represent the price of a ticket and R represent the revenue.) R(x) = (b) Find the price that maximizes revenue from ticket sales. $ (c) What ticket price is so high that no revenue is generated? $
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A baseball team plays in a stadium that holds 57,000 spectators. With the ticket price at $10, the average attendance at recent games has been 24,000. 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. (Let x represent the price of a ticket and R represent the revenue.)
(b) Find the price that maximizes revenue from ticket sales.
$
(c) What ticket price is so high that no revenue is generated?
$
R(x) = |
|
(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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