Question
A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12 the average attendance has been 20000. When the
A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12 the average attendance has been 20000. When the price dropped to $10, the average attendance rose to 25000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $_(insert answer)_____________
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
