A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $10 the average attendance has been 25000. When the price dropped to $8, the average attendance rose to 30000. 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...
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A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $10 the average
attendance has been 25000. When the price dropped to $8, the average attendance rose to 30000. Assume
that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
Transcribed Image Text:A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $10 the average attendance has been 25000. When the price dropped to $8, the average attendance rose to 30000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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