A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at...

A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the average attendence has been 21000. When the price dropped to $7, the average attendence rose to 25000. Assume that attendence is linearly related to ticket price.

What ticket price would maximize revenue? $

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milcah answered 2 years ago

A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at...

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A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at...

A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $11 the average attendence has been 25000. When the price dropped to $9, the average attendence rose to 30000. Assume that attendence is linearly related to ticket price. What ticket price would maximize revenue? $_______

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