A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has
A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the average attendance has been 27000. When the price dropped to $7, the average attendance rose to 31000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!