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An Albertabased NHL team is struggling to fill its seats. When the average ticket price is $350, the team sells an average of 8000 tickets.
An Albertabased NHL team is struggling to fill its seats. When the average ticket price is $350, the team sells an average of 8000 tickets. However, when the average price is reduced to $300, the team sells an average of 12000 tickets. The relation of sold tickets q(a:) as a function of their average price a: is assumed to be linear. Find the function 59(3). What should the average ticket price he in order to maximize revenue? Round your answer to two decimal places. (Hint: Use the revenue function R($) : atq(:c)) Function: q(:r:) =l l Optimal Price: $ |:| Check
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