Ask questions and get helpful answers.

A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $12 the average attendence has been 29000. When the price dropped to $9, the average attendence rose to 33000. Assume that attendence is linearly related to ticket price.What ticket price would maximize revenue? Please help ASAP!!! :(

  1. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩

1 answer

  1. the attendance rose 4000 on a price drop of $3
    So, if there are x price drops, the revenue R(x) will be
    R(x) = (29000+4000x)(12-3x)
    Now just find the vertex of that parabola.
    Make sure that it does not occur when attendance is greater than 66,000

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩

Answer this Question

Related Questions

Still need help?

You can ask a new question or browse existing questions.