29. Blue Jays tickets cost too much! The good folks in charge of Toronto Baseball have found that for every 50-cent decr

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29. Blue Jays tickets cost too much! The good folks in charge of Toronto Baseball have found that for every 50-cent decr

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29 Blue Jays Tickets Cost Too Much The Good Folks In Charge Of Toronto Baseball Have Found That For Every 50 Cent Decr 1
29 Blue Jays Tickets Cost Too Much The Good Folks In Charge Of Toronto Baseball Have Found That For Every 50 Cent Decr 1 (30.02 KiB) Viewed 90 times
29. Blue Jays tickets cost too much! The good folks in charge of Toronto Baseball have found that for every 50-cent decrease in the average ticket price, 300 extra tickets will be sold. Right now, the average price of a ticket is $80, and they sell an average of 30,000 tickets per game. The capacity of the Rogers Centre is 49,282. Determine the optimal ticket price that maximizes revenue, the new number of tickets sold, and the amount of extra revenue the Blue Jays will take in per game when compared to the current revenue. [5 marks]
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