question archive A baseball team plays in he stadium that holds 52000 spectators
A baseball team plays in he stadium that holds 52000 spectators
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A baseball team plays in he stadium that holds 52000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $7, the average attendance rose to 26000.
a) Find the demand function p ( x ) , where x is the number of the spectators. assume p ( x ) is linear) p ( x ) = ?
b) How should be set a ticket price to maximize revenue? $= ?
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