A football team plays in a stadium that holds 55,000 spectators. With the ticket price at $10, the average attendance at
Posted: Tue May 10, 2022 9:40 am
A football team plays in a stadium that holds 55,000 spectators.
With the ticket price at $10, the average attendance at recent
games has been 24,000. A market survey indicates that for every
dollar the ticket price is lowered, attendance increases by
2000
(a) Find the price that maximizes revenue from ticket sales. (b)
What ticket price is so high that no revenue is generated?
With the ticket price at $10, the average attendance at recent
games has been 24,000. A market survey indicates that for every
dollar the ticket price is lowered, attendance increases by
2000
(a) Find the price that maximizes revenue from ticket sales. (b)
What ticket price is so high that no revenue is generated?