Mathematics, 06.02.2021 06:00 miguel20000000
A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $10 the average
attendence has been 28000. When the price dropped to $8, the average attendence rose to 35000. Assume
that attendence is linearly related to ticket price.
Hint: Get the linear equation that relates ticket price, x, to average attendance, y. You will have an
equation in the form y = mx + b.
Then, since Revenue = Price x Number of tickets sold, you multiply that equation by x to get y = mx2 + bx
What ticket price would maximize revenue?
Answers: 3
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A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $10 the ave...
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