Answered: revenue function

Name: Sports agent operates a stadium. The ticket price for attending a matc
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Sports agent operates a stadium. The ticket price for attending a match is 14 OMR, the average attendance at recent games has been 9500. A market survey indicates that for each rial the ticket price is decreased, the average attendance increased by 1

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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Sports agent operates a stadium. The ticket price for attending a match is 14 OMR, the average attendance at recent games has been 9500. A market survey indicates that for each rial the ticket price is decreased, the average attendance increased by 1000 attendee.
(a) Find the revenue function in terms of ticket price.
(b) Find the ticket price that maximizes the revenue.
(c) What is the ticket price –that is so high- that nobody will attend the match?

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