A baseball team plays in he stadium that holds 56000 spectators. With the ticket price at $12 the average attendence has been 21000. When the price dropped to $11, the averege attendence rose to 28000. a) Find the demand function p(x), where x is the number of the spectators. (assume p(x) is linear) p(x) b) How should be set a ticket price to maximize revenue? $
A baseball team plays in he stadium that holds 56000 spectators. With the ticket price at $12 the average attendence has been 21000. When the price dropped to $11, the averege attendence rose to 28000. a) Find the demand function p(x), where x is the number of the spectators. (assume p(x) is linear) p(x) b) How should be set a ticket price to maximize revenue? $
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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