A baseball team plays in a stadium that holds 55,000 spectators.With ticket prices at  $10, the average attendance hadbeen 27,000. When ticket prices were lowered to $8 , theaverage attendance rose to 33,000.(a) Find the demand function, assuming that it is linear.(b) How should ticket prices be set to maximize revenue?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A baseball team plays in a stadium that holds 55,000 spectators.
With ticket prices at  $10, the average attendance had
been 27,000. When ticket prices were lowered to $8 , the
average attendance rose to 33,000.
(a) Find the demand function, assuming that it is linear.
(b) How should ticket prices be set to maximize revenue?

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