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A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendence has...

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?

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Answer #1

Spectators. in Thausand y- No of ticket price let x 23 26-23 23 3 -3 9-10 2 3-3 (- R Revenue Let R a23 30) 32+ R. -3xt 532 (2

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