baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average ttendance has been 25000. When the price dropped to $9, the average attendance rose to 31000. Assume hat attendance is linearly related to ticket price. /hat ticket price would maximize revenue? S 8.38

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
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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? S 8.38
Transcribed Image Text: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? S 8.38
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