Question

1. A baseball team plays in a stadium that holds 66000
spectators. With the ticket price at $10 the average attendance has
been 28000. When the price dropped to $8, the average attendance
rose to 33000.

a) Find the demand function ?(?)p(x), where ?x is the number of the
spectators. (Assume that ?(?)p(x) is linear.)

p(x)=

b) How should ticket prices be set to maximize revenue?

The revenue is maximized by charging $ per ticket.

2. A rectangular storage container with an open top is to have a
volume of 12 cubic meters. The length of its base is twice the
width. Material for the base costs 11 dollars per square meter.
Material for the sides costs 4 dollars per square meter. Find the
cost of materials for the cheapest such container.

Total cost = (Round to the nearest penny and include
monetary units. For example, if your answer is 1.095, enter $1.10
including the dollar sign and second decimal place.)

Answer #1

) A baseball team plays in a stadium that holds 58000
spectators. With the ticket price at $12 the average attendance has
been 23000. When the price dropped to $10, the average attendance
rose to 29000.
a) Find the demand function p(x), where xx is the number of the
spectators. (Assume that p(x)is linear.)
p(x)=
equation editor
Equation Editor
b) How should ticket prices be set to maximize revenue?
The revenue is maximized by charging $
equation editor
Equation Editor...

A baseball team plays in he stadium that holds 66000 spectators.
With the ticket price at $8 the average attendence has been 30000.
When the price dropped to $5, the averege attendence rose to
33000.
a) Find the demand function p(x)p(x), where xx is the number of the
spectators. (assume p(x)p(x) is linear)
p(x)=p(x)=
b) How should be set a ticket price to maximize revenue?

A baseball team plays in a stadium that holds 56000 spectators.
With the ticket price at $8 the average attendance has been 22000.
When the price dropped to $5, the average attendance rose to 28000.
Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue?

A futbol team plays in a stadium that holds 72000 spectators.
With the ticket price at $11 the average attendance has been 29000.
When the price dropped to $8, the average attendance rose to 36000.
Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
Round to nearest cent.

A baseball team plays in a stadium that holds 52,000 spectators.
With the ticket price at $10, the average attendance at recent
games has been 33,000. A market survey indicates that for every
dollar the ticket price is increased, the attendance decreases by
3,000.
(a) Let x be the ticket price (in dollars). Find q(x) which
represents how many people will attend the ballgame when the ticket
price is x.
(b) The ballpark’s revenue is R(x) = x · q(x)....

A baseball team plays in a stadium that holds 54000 spectators.
With the ticket price at $9 the average attendence has been 24000.
When the price dropped to $7, the average attendence rose to 27000.
Assume that attendence is linearly related to ticket price.
What ticket price would maximize revenue? $

A baseball team plays in he stadium that holds 72000 spectators.
With the ticket price at $11 the average attendence has been 30000.
When the price dropped to $10, the averege attendence rose to
36000.
How should be set a ticket price to maximize revenue? $

A soccer stadium holds 62,000 spectators. With a ticket price of
$20, the average attendance has been 24,000. When the price dropped
to $16, the average attendance rose to 29,000. Assuming that
attendance is linearly related to ticket price, what ticket price
would maximize revenue? Please show work

A rectangular storage container with an open top is to have a
volume of 14 cubic meters. The length of its base is twice the
width. Material for the base costs 15 dollars per square meter.
Material for the sides costs 7 dollars per square meter. Find the
cost of materials for the cheapest such container. Round to the
nearest penny and include monetary units. For example, if your
answer is 1.095, enter $1.10 including the dollar sign and second...

A rectangular storage container with an open top is to have a
volume of 30 cubic meters. The length of its base is twice the
width. Material for the base costs 14 dollars per square meter.
Material for the sides costs 5 dollars per square meter. Find the
cost of materials for the cheapest such container.
Total cost = (Round to the nearest penny and include
monetary units. For example, if your answer is 1.095, enter $1.10
including the dollar sign...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 31 minutes ago

asked 36 minutes ago

asked 41 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 3 hours ago

asked 3 hours ago