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AlgebraQ&A LibraryStadium Revenue A baseball team plays in a stadium thatholds 55,000 spectators. With the ticket price at $10, theaverage attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price islowered, attendance increases by 3000.(a) Find a function that models the revenue in terms of ticketprice.(b) Find the price that maximizes revenue from ticket sales.(c) What ticket price is so high that no revenue is generated?Start your trial now! First week only $4.99!*arrow_forward*

Question

Stadium Revenue A baseball team plays in a stadium that

holds 55,000 spectators. With the ticket price at $10, the

average attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price is

lowered, attendance increases by 3000.

(a) Find a function that models the revenue in terms of ticket

price.

(b) Find the price that maximizes revenue from ticket sales.

(c) What ticket price is so high that no revenue is generated?

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