A professional basketball team plays in an arena that holds 20000 spectators. Average 2) attendance at each game has been 14000. The average ticket price is $75. Market research shows that for each $5 reduction in ticket price, attendance increases by 800. Find the price that will maximize revenue and state the max revenue

A professional basketball team plays in an arena that holds 20000 spectators. Average 2) attendance at each game has been 14000. The average ticket price is $75. Market research shows that for each $5 reduction in ticket price, attendance increases by 800. Find the price that will maximize revenue and state the max revenue

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Functions

Section9.CR: Review Problem Set

Problem 37CR: A garden has 60 yards of fencing and wants to enclose a rectangular garden that requires fencing...

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