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11 October, 14:03

A football team plays in a large stadium. With a ticket price of $15, the average attendance at recent games has been 20,000. A market survey indicates that for each $1 increase in the ticket price, attendance decreases by 400 people. Express the revenue from a baseball game, R, as a function of the ticket price, x.

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  1. 11 October, 14:08
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    R (x) = (20,000 - 400x) (15+x)

    Step-by-step explanation:

    Given,

    The original price of each ticket = $ 15,

    Original number of people or attendance = 20,000

    Let the price of each ticket is increased by x times of $ 1,

    That is, new price of each ticket = (15 + x) dollars,

    ∵ for each $1 increase in the ticket price, attendance decreases by 400 people,

    So, the new number of people = 20,000 - 400x

    Since,

    Revenue = number of people * price of each ticket

    ⇒ R (x) = (20,000 - 400x) (15+x)

    Which is the required function.
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