Question

) A baseball team plays in a stadium that holds 58000 spectators. With the ticket price...

) 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)=

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

The revenue is maximized by charging $

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per ticket

Math   Calculus   
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