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23 August, 21:35

A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $12 the average attendance has been 19000. When the price dropped to $9, the average attendance rose to 26000. Assume that attendance is linearly related to ticket price.

What ticket price would maximize revenue?

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  1. 23 August, 22:04
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    19000 = 12k + c 26000 = 9k + c subtract the first from the second 7000 = - 3k - - > k = - 7000/3

    sub that into one of the other eqns say the first, so c = 19000-12k = 47000
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