Question
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $11 the average attendance has been 20000. When the
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $11 the average attendance has been 20000. When the price dropped to $8, the average attendance rose to 24000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
