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(Solved): A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $11 the av ...




A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at \( \$ 11 \) the average attendance h
A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at the average attendance has been 23000 . When the price dropped to , the average attendance rose to 28000 . Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? Question Help: Video


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Solution:
let    be the demand function. then we have two points    and   
Slope  
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