A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $8 the average attendance has been 24000. When the price dropped to $5, the average attendance rose to 29000. Assume that attendance is linearly related to the ticket prices. 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...
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A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $8 the average attendance has been 24000. When the price dropped to $5, the average attendance rose to 29000. Assume that attendance is linearly related to the ticket prices.


What ticket price would maximize revenue?

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