A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $8 the average attendance has been 27000. When the price dropped to $5, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? S Note: Revenue = Price x number of tickets sold.

Q: A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the…

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Q: A soccer stadium holds 62,000 people. When the ticket price is $11 per ticket, the average attendace…

A: Solution) P = price , Q = average attendance  of the people When P = $11 , Q = 26000 P = $9 , Q =…

Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $9 the…

A: In the given question we have to the maximum revenue.

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A: In this problem in order to determine the maximize revenue by using given data. To find maximize…

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Q: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $10 the…

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Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $8 the…

A: solution:-

Q: A baseball team plays in a stadium that holds 56,000 spectators. With the ticket price at $12, the…

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Q: A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $9 the…

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Q: A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $10 the…

A: The stadium holds 48000 spectators. For the average attendance of 19000 the price of the ticket is…

Q: A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the…

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Q: A soccer stadium holds 62,000 spectators. With a ticket price of $11, the average attendance has…

A:

Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the…

A: Since attendance is linearly related to ticket price, we can assume the relation between them as y =…

Q: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $8 the…

A:

Q: A small company produces organic cookies. When the price is $9 per dozen, the average daily sales…

A: x = Daily sales in dozensc = cost of cookie per dozenGiven: Daily sales,x is linearly related to…

Q: A baseball team plays in the stadium that holds 54,000 spectators with the ticket price is at $10 to…

A: I use second derivative test to find out maximum revenue at price of ticket

Q: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $10 the…

A:

Q: A baseball team plays in a stadium that holds 72000 spectators. With the ticket price at $8 the…

A:

Q: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $12 the…

A: Given: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $12,…

Q: A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $10 the…

A: In this question we have to find the ticket price that would maximize the revenue.

Q: A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $8 the…

A: revenue =price x quantity sold R(p)=p x Q(p) here Q(p)=mp+b  where m is slope of the line and b is…

Q: A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $9 the…

A: Solution is given below..

Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $11 the…

A: Stadium holds a total of 52000 spectators. With ticket price at $11 the average attendance is 23000.…

Q: The cost of manufacturing a piece of video equipment is related to the quantity produced during…

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Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the…

A: NOTE: Refresh your page if you can't see any equations. . 26000 attendance  when the ticket price is…

Q: A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $12 the…

A: The total number of spectators in the stadium is 54000. The average attendance at the cost of ticket…

Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $8, the…

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Q: A pharmaceutical salesperson receives a monthly salary of $4800 plus a commission of 4% of sales.…

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Q: A dog food producer reduced the price of a dog food. With the price at $8 the average monthly sales…

A: Given that

Q: a stadium holds 6200spectators.with a ticket price of $19,average attendace has been 27000. when the…

A: Let x be the price of ticket and y be the number of spectators. Given that, when x = $19, y = 27000…

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Q: A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $11 the…

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Q: A handbag company had 7% of the market in 2010; in 2014, it had 25%. (a) Write a linear equation…

A: A handbag company had 7% of the market in 2010; in 2014, it had 25%.a To write a linear equation…

Q: A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the…

A: In the question we have to find the price on which the revenue will be maximum.

Q: baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $8 the…

A:

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the…

A:

Q: A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $12 the…

A: Let us assume x=ticket price y=audience , y≤ 56000 So the given coordinates are (12, 23000) and (9,…

Q: A baseball team plays in a stadium that holds 62000 spectators. With the icket price at $10 the…

A: Let us denote: x=price of the ticket y= number of spectators  So the coordinates are (10, 24000) and…

Q: baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $10 the…

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Q: a company had a sales of $1,330,000 in 2011 and $1,800,000 in 2015. The company's sales can be…

A: The given statement is, A company had a sales of $1,330,000 in 2011 and $1,800,000 in 2015. The year…

Q: A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $12 the…

A:

Q: A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $12 the…

A: Let the ticket price be $x and attendance is linear function of x, say Px.  When the ticket price at…

Q: A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $12 the…

A:

Q: A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $8 the…

A:

Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the…

A: Given, Attendance is linearly related to ticket price. For $10/ticket attendance is 25000. For…

Q: seball team plays in a stadium that holds 74000 spectators. With the ticket price at $12 the average…

A: Given, The capacity of stadium = 74000 spectators With the ticket price of $ 12 the average…

Q: A soccer stadium holds 62,000 spectators. With a ticket price of $11, the average attendance has…

A:

Q: A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $10 the…

A: Let px be the price when x tickets are sold. Now given that with the ticket price at $10 the average…

Q: A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the…

A: Given, Total spectators = 64000 When the ticket price is $8 the average attendance = 28000 When the…

Q: A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $9 the…

A: