A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has been 25000. When the price dropped to $9, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has been 25000. When the price dropped to $9, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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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Step 1
Given,
Attendance is linearly related to ticket price.
For $10/ticket attendance is 25000.
For $9/ticket attendance is 31000.
Therefore, we can conclude that for every $1 drop in price, the attendance increases by 6000.
But, maximum attendance is 62000.
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