Question
A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $8 the average attendance has been 26000. When the
A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $8 the average attendance has been 26000. When the price dropped to $7, the average attendance rose to 30000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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Mathematical Analysis I
Authors: Claudio Canuto, Anita Tabacco
2nd Edition
3319127721, 9783319127729
