A baseball team plays in a stadium that holds 55.000 spectators with the ticket price 10,...
(1 point) A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $6, the average attendance rose to 31000. a) Find the demand function p(x), where x is the number of the spectators. (Assume that p(x) is linear.) p(x) -7/2x^2+52x = b) How should ticket prices be set to maximize revenue? The revenue is maximized by charging$ per ticket. (1 point) A...
A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendence has been 23000. When the price dropped to $9, the average attendence rose to 26000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue?
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $11 the average attendence has been 26000. When the price dropped to $9, the average attendence rose to 31000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: Message instructor Submit Question Jump to Answer A farmer finds that if she plants 40 trees per acre, each tree will yield 20 bushels of fruit. She...
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With the ticket price set at $14, average attendance at recent games has been 9500. A market survey indicates that for each dollar the ticket price is lowered, the average attendance increases by 1000. Find the ticket price that maximizes revenue from ticket sales. Recall that revenue is: ticket price x Attendance Enter the exact value of the ticket price. Answer An open-top box is...
vụI YES, Question 2. [10 points) The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 -0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 56,000 per game. Suppose the owner offers you 10% of the revenues. If you can only choose...
Due e height y (in feet) of a ball thrown by a child is =--x2 + 2x + 3 14 where c is the horizontal distance in feet from the point at which the ball is thrown. (a) How high is the ball when it leaves the child's hand? Preview feet (b) What is the maximum height of the ball? Preview feet (c) How far from the child does the ball strike the ground? Get help: Vide Points possible: 1...
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30...