1. Questions

math

A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $12 the average attendence has been 29000. When the price dropped to $9, the average attendence rose to 33000. Assume that attendence is linearly related to ticket price.What ticket price would maximize revenue? Please help ASAP!!! :(

  1. 👍
  2. 👎
  3. 👁
Andrea

  1. the attendance rose 4000 on a price drop of $3
    So, if there are x price drops, the revenue R(x) will be
    R(x) = (29000+4000x)(12-3x)
    Now just find the vertex of that parabola.
    Make sure that it does not occur when attendance is greater than 66,000

    1. 👍
    2. 👎
    👤
    oobleck

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    A football team lost 9 yards on each of three consecutive plays. What was the team's total change in position for the three plays?

  2. Calculus

    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

  3. Pre-Calculus Math

    The Summer Theatre charges $4 per ticket, and it sells an average of 400 tickets nightly. The manager estimates that the ticket sales would decrease by 50 for each $1 increase in the ticket cost. What is the most profitable price

  4. Calculus

    A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $11 the average attendence has been 27000. When the price dropped to $10, the average attendence rose to 34000. Assume that attendence is

  1. Math

    A university is trying to determine what price to charge for tickets to football games. At a price of ​$30 per​ ticket, attendance averages 40,000 people per game. Every decrease of ​$5 adds 10,000 people to the average

  2. Math

    In a twelve-team bowling league, if every team plays every other team four times during the season. How many games must be scheduled?

  3. Math Calculus

    A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $11 the average attendance has been 22000. When the price dropped to $10, the average attendance rose to 29000. Assume that attendance is

  4. physics

    A human wave. During sporting events within large, densely packed stadiums, spectators will send a wave (or pulse) around the stadium (Fig. below). As the wave reaches a group of spectators, they stand with a cheer and then sit.

  1. statistics

    Refer to the Baseball data, which report information on the 30 Major League Baseball teams for the 2010 season. Let the number of games won be the dependent variable and the following variables be independent variables: team

  2. math

    In a baseball league consisting of 15 ​teams, each team plays each of the other teams twice. How many games will be​ played?

  3. math

    During a dull football game,1/4 spectators were left after 1 hour.During the next hour 20,000 spectators left. there were 1/12 of the original number of spectators still watching the game. how many spectators were originally

  4. math

    The city bus company usually transports 12000 riders per day at a ticket price of $1. The company wants to raise the tickets price and knows that for every 10 cents increase, the number of riders decreases by 400. A. What price

You can view more similar questions or ask a new question.