BuyFindarrow_forward

Single Variable Calculus: Early Tr...

8th Edition
James Stewart
ISBN: 9781305270343

Solutions

Chapter
Section
BuyFindarrow_forward

Single Variable Calculus: Early Tr...

8th Edition
James Stewart
ISBN: 9781305270343
Textbook Problem

A hockey team plays in an arena with a seating capacity of 15,000 spectators. With the ticket price set at $12, average attendance at a game has been 11,000. A market survey indicates that for each dollar the ticket price is lowered, average attendance will increase by 1000. How should the owners of the team set the ticket price to maximize their revenue from ticket sales?

To determine

To Set: the ticket price to maximize the revenue from ticket sales.

Explanation

Given:

The seating capacity of the arena is 15,000 and initial price of the ticket is $12.

The average attendance was 11000.

Calculation:

Survey suggests that for a dollar decrease in ticket rate the increase in the attendance will be by 1000.

Let x be the decrease in the price of the rate of ticket.

Hence, the new rate of ticket is 12x .

As per the survey the average attendance for new rate will be 11000+1000x

Revenue generated is given by R(x)=(12x)(11000+1000x) .

Maximize R(x) in order to maximize revenue

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-4.1 P-11ESect-4.1 P-12ESect-4.1 P-13ESect-4.1 P-14ESect-4.1 P-15ESect-4.1 P-16ESect-4.1 P-17ESect-4.1 P-18ESect-4.1 P-19ESect-4.1 P-20ESect-4.1 P-21ESect-4.1 P-22ESect-4.1 P-23ESect-4.1 P-24ESect-4.1 P-25ESect-4.1 P-26ESect-4.1 P-27ESect-4.1 P-28ESect-4.1 P-29ESect-4.1 P-30ESect-4.1 P-31ESect-4.1 P-32ESect-4.1 P-33ESect-4.1 P-34ESect-4.1 P-35ESect-4.1 P-36ESect-4.1 P-37ESect-4.1 P-38ESect-4.1 P-39ESect-4.1 P-40ESect-4.1 P-41ESect-4.1 P-42ESect-4.1 P-43ESect-4.1 P-44ESect-4.1 P-45ESect-4.1 P-46ESect-4.1 P-47ESect-4.1 P-48ESect-4.1 P-49ESect-4.1 P-50ESect-4.1 P-51ESect-4.1 P-52ESect-4.1 P-53ESect-4.1 P-54ESect-4.1 P-55ESect-4.1 P-56ESect-4.1 P-57ESect-4.1 P-58ESect-4.1 P-59ESect-4.1 P-60ESect-4.1 P-61ESect-4.1 P-62ESect-4.1 P-63ESect-4.1 P-64ESect-4.1 P-65ESect-4.1 P-66ESect-4.1 P-67ESect-4.1 P-68ESect-4.1 P-69ESect-4.1 P-70ESect-4.1 P-71ESect-4.1 P-72ESect-4.1 P-73ESect-4.1 P-74ESect-4.1 P-75ESect-4.1 P-76ESect-4.1 P-77ESect-4.1 P-78ESect-4.1 P-79ESect-4.1 P-80ESect-4.2 P-1ESect-4.2 P-2ESect-4.2 P-3ESect-4.2 P-4ESect-4.2 P-5ESect-4.2 P-6ESect-4.2 P-7ESect-4.2 P-8ESect-4.2 P-9ESect-4.2 P-10ESect-4.2 P-11ESect-4.2 P-12ESect-4.2 P-13ESect-4.2 P-14ESect-4.2 P-15ESect-4.2 P-16ESect-4.2 P-17ESect-4.2 P-18ESect-4.2 P-19ESect-4.2 P-20ESect-4.2 P-21ESect-4.2 P-22ESect-4.2 P-23ESect-4.2 P-24ESect-4.2 P-25ESect-4.2 P-26ESect-4.2 P-27ESect-4.2 P-28ESect-4.2 P-29ESect-4.2 P-30ESect-4.2 P-31ESect-4.2 P-32ESect-4.2 P-33ESect-4.2 P-34ESect-4.2 P-36ESect-4.2 P-37ESect-4.2 P-38ESect-4.3 P-1ESect-4.3 P-2ESect-4.3 P-3ESect-4.3 P-4ESect-4.3 P-5ESect-4.3 P-6ESect-4.3 P-7ESect-4.3 P-8ESect-4.3 P-9ESect-4.3 P-10ESect-4.3 P-11ESect-4.3 P-12ESect-4.3 P-13ESect-4.3 P-14ESect-4.3 P-15ESect-4.3 P-16ESect-4.3 P-17ESect-4.3 P-18ESect-4.3 P-19ESect-4.3 P-20ESect-4.3 P-21ESect-4.3 P-22ESect-4.3 P-23ESect-4.3 P-24ESect-4.3 P-25ESect-4.3 P-26ESect-4.3 P-27ESect-4.3 P-28ESect-4.3 P-29ESect-4.3 P-30ESect-4.3 P-31ESect-4.3 P-32ESect-4.3 P-33ESect-4.3 P-34ESect-4.3 P-35ESect-4.3 P-36ESect-4.3 P-37ESect-4.3 P-38ESect-4.3 P-39ESect-4.3 P-40ESect-4.3 P-41ESect-4.3 P-42ESect-4.3 P-43ESect-4.3 P-44ESect-4.3 P-45ESect-4.3 P-46ESect-4.3 P-47ESect-4.3 P-48ESect-4.3 P-49ESect-4.3 P-50ESect-4.3 P-51ESect-4.3 P-52ESect-4.3 P-53ESect-4.3 P-54ESect-4.3 P-55ESect-4.3 P-56ESect-4.3 P-57ESect-4.3 P-58ESect-4.3 P-59ESect-4.3 P-60ESect-4.3 P-61ESect-4.3 P-62ESect-4.3 P-66ESect-4.3 P-67ESect-4.3 P-68ESect-4.3 P-69ESect-4.3 P-70ESect-4.3 P-71ESect-4.3 P-72ESect-4.3 P-73ESect-4.3 P-74ESect-4.3 P-75ESect-4.3 P-76ESect-4.3 P-77ESect-4.3 P-78ESect-4.3 P-79ESect-4.3 P-80ESect-4.3 P-81ESect-4.3 P-82ESect-4.3 P-83ESect-4.3 P-84ESect-4.3 P-85ESect-4.3 P-86ESect-4.3 P-87ESect-4.3 P-88ESect-4.3 P-89ESect-4.3 P-90ESect-4.3 P-92ESect-4.3 P-93ESect-4.4 P-1ESect-4.4 P-2ESect-4.4 P-3ESect-4.4 P-4ESect-4.4 P-5ESect-4.4 P-6ESect-4.4 P-7ESect-4.4 P-8ESect-4.4 P-9ESect-4.4 P-10ESect-4.4 P-11ESect-4.4 P-12ESect-4.4 P-13ESect-4.4 P-14ESect-4.4 P-15ESect-4.4 P-16ESect-4.4 P-17ESect-4.4 P-18ESect-4.4 P-19ESect-4.4 P-20ESect-4.4 P-21ESect-4.4 P-22ESect-4.4 P-23ESect-4.4 P-24ESect-4.4 P-25ESect-4.4 P-26ESect-4.4 P-27ESect-4.4 P-28ESect-4.4 P-29ESect-4.4 P-30ESect-4.4 P-31ESect-4.4 P-32ESect-4.4 P-33ESect-4.4 P-34ESect-4.4 P-35ESect-4.4 P-36ESect-4.4 P-37ESect-4.4 P-38ESect-4.4 P-39ESect-4.4 P-40ESect-4.4 P-41ESect-4.4 P-42ESect-4.4 P-43ESect-4.4 P-44ESect-4.4 P-45ESect-4.4 P-46ESect-4.4 P-47ESect-4.4 P-48ESect-4.4 P-49ESect-4.4 P-50ESect-4.4 P-51ESect-4.4 P-52ESect-4.4 P-53ESect-4.4 P-54ESect-4.4 P-55ESect-4.4 P-56ESect-4.4 P-57ESect-4.4 P-58ESect-4.4 P-59ESect-4.4 P-60ESect-4.4 P-61ESect-4.4 P-62ESect-4.4 P-63ESect-4.4 P-64ESect-4.4 P-65ESect-4.4 P-66ESect-4.4 P-67ESect-4.4 P-68ESect-4.4 P-69ESect-4.4 P-70ESect-4.4 P-71ESect-4.4 P-72ESect-4.4 P-73ESect-4.4 P-74ESect-4.4 P-75ESect-4.4 P-76ESect-4.4 P-77ESect-4.4 P-78ESect-4.4 P-79ESect-4.4 P-80ESect-4.4 P-81ESect-4.4 P-82ESect-4.4 P-83ESect-4.4 P-84ESect-4.4 P-85ESect-4.4 P-86ESect-4.4 P-87ESect-4.4 P-88ESect-4.4 P-89ESect-4.4 P-90ESect-4.4 P-91ESect-4.4 P-92ESect-4.5 P-1ESect-4.5 P-2ESect-4.5 P-3ESect-4.5 P-4ESect-4.5 P-5ESect-4.5 P-6ESect-4.5 P-7ESect-4.5 P-8ESect-4.5 P-9ESect-4.5 P-10ESect-4.5 P-11ESect-4.5 P-12ESect-4.5 P-13ESect-4.5 P-14ESect-4.5 P-15ESect-4.5 P-16ESect-4.5 P-17ESect-4.5 P-18ESect-4.5 P-19ESect-4.5 P-20ESect-4.5 P-21ESect-4.5 P-22ESect-4.5 P-23ESect-4.5 P-24ESect-4.5 P-25ESect-4.5 P-26ESect-4.5 P-27ESect-4.5 P-28ESect-4.5 P-29ESect-4.5 P-30ESect-4.5 P-31ESect-4.5 P-32ESect-4.5 P-33ESect-4.5 P-34ESect-4.5 P-35ESect-4.5 P-36ESect-4.5 P-37ESect-4.5 P-38ESect-4.5 P-39ESect-4.5 P-40ESect-4.5 P-41ESect-4.5 P-42ESect-4.5 P-43ESect-4.5 P-44ESect-4.5 P-45ESect-4.5 P-46ESect-4.5 P-47ESect-4.5 P-48ESect-4.5 P-49ESect-4.5 P-50ESect-4.5 P-51ESect-4.5 P-52ESect-4.5 P-53ESect-4.5 P-54ESect-4.5 P-55ESect-4.5 P-56ESect-4.5 P-57ESect-4.5 P-58ESect-4.5 P-59ESect-4.5 P-60ESect-4.5 P-61ESect-4.5 P-62ESect-4.5 P-63ESect-4.5 P-64ESect-4.5 P-65ESect-4.5 P-66ESect-4.5 P-67ESect-4.5 P-68ESect-4.5 P-69ESect-4.5 P-70ESect-4.5 P-71ESect-4.5 P-72ESect-4.5 P-73ESect-4.5 P-74ESect-4.5 P-75ESect-4.5 P-76ESect-4.6 P-1ESect-4.6 P-2ESect-4.6 P-3ESect-4.6 P-4ESect-4.6 P-5ESect-4.6 P-6ESect-4.6 P-9ESect-4.6 P-10ESect-4.6 P-13ESect-4.6 P-14ESect-4.6 P-27ESect-4.6 P-28ESect-4.6 P-29ESect-4.6 P-30ESect-4.6 P-33ESect-4.6 P-34ESect-4.6 P-35ESect-4.6 P-38ESect-4.6 P-39ESect-4.6 P-40ESect-4.7 P-1ESect-4.7 P-2ESect-4.7 P-3ESect-4.7 P-4ESect-4.7 P-5ESect-4.7 P-6ESect-4.7 P-7ESect-4.7 P-8ESect-4.7 P-9ESect-4.7 P-10ESect-4.7 P-11ESect-4.7 P-12ESect-4.7 P-13ESect-4.7 P-14ESect-4.7 P-15ESect-4.7 P-16ESect-4.7 P-17ESect-4.7 P-18ESect-4.7 P-19ESect-4.7 P-20ESect-4.7 P-21ESect-4.7 P-22ESect-4.7 P-23ESect-4.7 P-24ESect-4.7 P-25ESect-4.7 P-26ESect-4.7 P-27ESect-4.7 P-28ESect-4.7 P-29ESect-4.7 P-30ESect-4.7 P-31ESect-4.7 P-32ESect-4.7 P-33ESect-4.7 P-34ESect-4.7 P-35ESect-4.7 P-36ESect-4.7 P-37ESect-4.7 P-38ESect-4.7 P-39ESect-4.7 P-40ESect-4.7 P-41ESect-4.7 P-42ESect-4.7 P-43ESect-4.7 P-44ESect-4.7 P-45ESect-4.7 P-46ESect-4.7 P-47ESect-4.7 P-48ESect-4.7 P-49ESect-4.7 P-50ESect-4.7 P-51ESect-4.7 P-52ESect-4.7 P-53ESect-4.7 P-54ESect-4.7 P-55ESect-4.7 P-56ESect-4.7 P-57ESect-4.7 P-58ESect-4.7 P-59ESect-4.7 P-60ESect-4.7 P-61ESect-4.7 P-62ESect-4.7 P-63ESect-4.7 P-64ESect-4.7 P-65ESect-4.7 P-66ESect-4.7 P-67ESect-4.7 P-68ESect-4.7 P-69ESect-4.7 P-70ESect-4.7 P-71ESect-4.7 P-72ESect-4.7 P-73ESect-4.7 P-74ESect-4.7 P-75ESect-4.7 P-76ESect-4.7 P-77ESect-4.7 P-78ESect-4.7 P-79ESect-4.7 P-80ESect-4.7 P-81ESect-4.7 P-82ESect-4.8 P-1ESect-4.8 P-2ESect-4.8 P-3ESect-4.8 P-4ESect-4.8 P-5ESect-4.8 P-6ESect-4.8 P-7ESect-4.8 P-8ESect-4.8 P-9ESect-4.8 P-10ESect-4.8 P-11ESect-4.8 P-12ESect-4.8 P-13ESect-4.8 P-14ESect-4.8 P-15ESect-4.8 P-16ESect-4.8 P-17ESect-4.8 P-18ESect-4.8 P-19ESect-4.8 P-20ESect-4.8 P-21ESect-4.8 P-22ESect-4.8 P-23ESect-4.8 P-24ESect-4.8 P-25ESect-4.8 P-26ESect-4.8 P-27ESect-4.8 P-29ESect-4.8 P-30ESect-4.8 P-32ESect-4.8 P-33ESect-4.8 P-34ESect-4.8 P-35ESect-4.8 P-36ESect-4.8 P-37ESect-4.8 P-39ESect-4.8 P-40ESect-4.8 P-41ESect-4.8 P-42ESect-4.9 P-1ESect-4.9 P-2ESect-4.9 P-3ESect-4.9 P-4ESect-4.9 P-5ESect-4.9 P-6ESect-4.9 P-7ESect-4.9 P-8ESect-4.9 P-9ESect-4.9 P-10ESect-4.9 P-11ESect-4.9 P-12ESect-4.9 P-13ESect-4.9 P-14ESect-4.9 P-15ESect-4.9 P-16ESect-4.9 P-17ESect-4.9 P-18ESect-4.9 P-19ESect-4.9 P-20ESect-4.9 P-21ESect-4.9 P-22ESect-4.9 P-25ESect-4.9 P-26ESect-4.9 P-27ESect-4.9 P-28ESect-4.9 P-29ESect-4.9 P-30ESect-4.9 P-31ESect-4.9 P-32ESect-4.9 P-33ESect-4.9 P-34ESect-4.9 P-35ESect-4.9 P-36ESect-4.9 P-37ESect-4.9 P-38ESect-4.9 P-39ESect-4.9 P-40ESect-4.9 P-41ESect-4.9 P-42ESect-4.9 P-43ESect-4.9 P-44ESect-4.9 P-45ESect-4.9 P-46ESect-4.9 P-47ESect-4.9 P-48ESect-4.9 P-49ESect-4.9 P-50ESect-4.9 P-51ESect-4.9 P-52ESect-4.9 P-53ESect-4.9 P-54ESect-4.9 P-55ESect-4.9 P-56ESect-4.9 P-57ESect-4.9 P-58ESect-4.9 P-59ESect-4.9 P-60ESect-4.9 P-61ESect-4.9 P-62ESect-4.9 P-63ESect-4.9 P-64ESect-4.9 P-65ESect-4.9 P-66ESect-4.9 P-67ESect-4.9 P-68ESect-4.9 P-69ESect-4.9 P-70ESect-4.9 P-71ESect-4.9 P-72ESect-4.9 P-73ESect-4.9 P-74ESect-4.9 P-75ESect-4.9 P-76ESect-4.9 P-77ESect-4.9 P-79ECh-4 P-1RCCCh-4 P-2RCCCh-4 P-3RCCCh-4 P-4RCCCh-4 P-5RCCCh-4 P-6RCCCh-4 P-7RCCCh-4 P-8RCCCh-4 P-9RCCCh-4 P-10RCCCh-4 P-11RCCCh-4 P-1RQCh-4 P-2RQCh-4 P-3RQCh-4 P-4RQCh-4 P-5RQCh-4 P-6RQCh-4 P-7RQCh-4 P-8RQCh-4 P-9RQCh-4 P-10RQCh-4 P-11RQCh-4 P-12RQCh-4 P-13RQCh-4 P-14RQCh-4 P-15RQCh-4 P-16RQCh-4 P-17RQCh-4 P-18RQCh-4 P-19RQCh-4 P-20RQCh-4 P-21RQCh-4 P-1RECh-4 P-2RECh-4 P-3RECh-4 P-4RECh-4 P-5RECh-4 P-6RECh-4 P-7RECh-4 P-8RECh-4 P-9RECh-4 P-10RECh-4 P-11RECh-4 P-12RECh-4 P-13RECh-4 P-14RECh-4 P-15RECh-4 P-16RECh-4 P-17RECh-4 P-18RECh-4 P-19RECh-4 P-20RECh-4 P-21RECh-4 P-22RECh-4 P-23RECh-4 P-24RECh-4 P-25RECh-4 P-26RECh-4 P-27RECh-4 P-28RECh-4 P-29RECh-4 P-30RECh-4 P-31RECh-4 P-32RECh-4 P-33RECh-4 P-34RECh-4 P-35RECh-4 P-36RECh-4 P-37RECh-4 P-38RECh-4 P-39RECh-4 P-43RECh-4 P-44RECh-4 P-45RECh-4 P-46RECh-4 P-47RECh-4 P-48RECh-4 P-49RECh-4 P-50RECh-4 P-51RECh-4 P-52RECh-4 P-53RECh-4 P-54RECh-4 P-55RECh-4 P-56RECh-4 P-57RECh-4 P-58RECh-4 P-59RECh-4 P-60RECh-4 P-61RECh-4 P-62RECh-4 P-63RECh-4 P-64RECh-4 P-65RECh-4 P-66RECh-4 P-67RECh-4 P-68RECh-4 P-69RECh-4 P-70RECh-4 P-71RECh-4 P-72RECh-4 P-73RECh-4 P-74RECh-4 P-75RECh-4 P-76RECh-4 P-77RECh-4 P-78RECh-4 P-79RECh-4 P-80RECh-4 P-81RECh-4 P-82RECh-4 P-83RECh-4 P-84RECh-4 P-85RECh-4 P-86RECh-4 P-1PCh-4 P-2PCh-4 P-3PCh-4 P-4PCh-4 P-5PCh-4 P-6PCh-4 P-7PCh-4 P-8PCh-4 P-9PCh-4 P-10PCh-4 P-11PCh-4 P-12PCh-4 P-13PCh-4 P-14PCh-4 P-15PCh-4 P-16PCh-4 P-17PCh-4 P-18PCh-4 P-19PCh-4 P-20PCh-4 P-21PCh-4 P-22PCh-4 P-23PCh-4 P-25PCh-4 P-26P

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

In Exercises 47-52, find and simplify f(a+h)f(a)h(h0) for each function. 50. f(x) = 2x3 x2 + 1

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Simplify 4x25x+73x2+2

Intermediate Algebra

True or False:

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Find if , y = sin 2t.

Study Guide for Stewart's Multivariable Calculus, 8th

What is the primary advantage of self-report measures? What is the primary disadvantage?

Research Methods for the Behavioral Sciences (MindTap Course List)

Who is known as the Prince of Mathematics? Why?

Mathematics: A Practical Odyssey