February 20, 2017

Homework Help: Calculus

Posted by Anonymous on Sunday, July 15, 2012 at 1:51pm.

A baseball team plays in a stadium that holds 53,000 spectators. With ticket prices at $10, the average attendance had been 49,000. When ticket prices were lowered to $8, the average attendance rose to 51,000.
(a) Find the demand function (price p as a function of attendance x), assuming it to be linear.

How should ticket prices be set to maximize revenue? (Round your answer to the nearest cent.)

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