A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $10 the average attendence has been 30000. When the price dropped to $9, the average attendence rose to 35000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $ Preview

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 54000 spectators. With the ticket price at $12 the…

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

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…

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $11 the…

A: Given, When ticket price is 11 $ , no. of spectators = 20000 When ticket price is 10 $ , no. of…

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Q: A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $10 the…

A: According to given data, the price function passes through the points 10, 23000 & 9, 29000. Now…

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

A: solution:-

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A: Total spectator's in stadium=46000 When ticket price is $10, attendees are 19000 When ticket price…

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

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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 baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $11 the…

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Q: a. Briefly explain how the information provided suggests that a linear model may not be appropriate…

A: Regression analysis

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

A:

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12 the…

A: Here, the problem says that "attendance is linearly related to ticket price." That tells you that…

Q: A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $8 the…

A: Total spectators= 60000 If price is $8, average attendance is 24000, so total revenue= 8 × 24000= $…

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

A:

Q: Wilderness Fanatic, a manufacturer of outdoor goods, is willing to supply 1200 of its Blue Thrash…

A: Given : y1 = 1200 P1 = 414 ( y2-y1) = - 625 (P2-P1) = - 75   Y = 1210

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 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 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: A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $11 the…

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A: Cost of overseas calls = $ 3.75  +  $0.15 per minute We need to write a linear model that shows cost…

Q: A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $10 the…

A: Note : As you asked both questions to be solved so that i answered here both the questions.

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

A: First we have make revenue function And then calculate it's derivative to find price for ticket to…

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 50000 spectators. With the ticket price at $10 the…

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

A: Topic:- revenue function

Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $12 the…

A: x=price  y=number of tickets two points are

Q: A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the…

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Q: Sales at Glover's Golf Emporium have been increasing linearly. In their fourth business year, sales…

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

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Q: A baseball team plays in a stadium that holds 46000 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: The data below represents how much people use their air conditioner and what their electricity bill…

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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 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…

A:

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

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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…

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

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

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