Question: I need help. A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the average attendance has been

I need help.

A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the average attendance has been 29000. When the price dropped to $5, the average attendance rose to 32000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? _

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A baseball team plays i n a stadium that holds 5 4 , 0 0 0 spectators. With ticket prices a t $ 1 0 , the average attendance had been 2 7 , 0 0 0 . When ticket prices were lowered t o $ 8 , the...

A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $8 the average attendance has been 28000. When the price dropped to $7, the average attendance rose to 32000....

1. A baseball team plays in a stadium that holds 64000 spectators. With the ticket price at $10 the average attendance has been 28000. When the price dropped to $9, the average attendance rose to...

I need help. A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $8 the average attendance has been 24000. When the price dropped to $7, the average attendance...

Grades - Mohammad Yassine X VA MATH180: HW21- Sec 4.7 (F202 x do Octave Online . Cloud IDE compe x M Inbox (111) - myassine3@hawkr x Open orders - EssayPro.com * G Suppose a package to be mailed x...

Calculus: 1. Consider the fol owing problem: Find two numbers whose sum is 23 and whose product is a maximum. (a) Complete the table of values so that the sum of the numbers in the first two columns...

8. [-/10 Points] DETAILS SCALCET9 4.7.067. MY NOTES PRACTICE ANOTHER A baseball team plays in a stadium that holds 58,000 spectators. With ticket prices at $10, the average attendance had been...

13. [-11 Points] I DETAILS I SCALCET94.7.036. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER A rectangle has its base on the X-axis and its upper two vertices on the parabola y = 25 x2. What is the...

I'm not sure how to solve any of this 5. A farmer has 1500 yards of fencing with which to enclose two adjacent rectangular patches of land, one for corn and one for beans. A stream forms the boundary...

A baseball team plays in a stadium that holds 5 7 , 0 0 0 spectators. With ticket prices at $ 1 0 , the average attendance had been 2 7 , 0 0 0 . When ticket prices were lowered to $ 8 , the average...

Analyze my capitates managed care agreement with the city. Using differential cost analysis for 2010 data, tell me the full cost profit/loss and the differential cost profit/loss. Should we renew the...

Two variables P and Q are connected by a linear relation of the form P=kQ-C, where C and k are constants. If Q=6 when P=1 and Q=24 when P=10. Find the equation connecting P and Q.

which type of disability insurance would financial experts advice you to purchase

When you retire 40 years from now, you want to have $1.2 million. You think you can earn an average of 12 percent on your investments. To meet your goal, you are trying to decide whether to deposit a...