Question
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 21000. When
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 21000. When the price dropped to $7, the average attendance rose to 24000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? s
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
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