A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $11 the average attendence has
Posted: Wed Jul 13, 2022 5:06 am
A baseball team plays in a stadium that holds 70000 spectators.With the ticket price at $11 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.What ticket price would maximize revenue?