Problem 5. (10 points) A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $10 the average attendance has been 23000. When the price dropped to $7, the average attendance rose to 29000. a) Find the demand function p(x), where X is the number of the spectators. (Assume that p(x) is linear.) p(x) = = b) How should ticket prices be set to maximize revenue? The revenue is maximized by charging $ per ticket. Note: You can earn partial credit on this problem. Problem 3. (10 points) Find the absolute maximum and absolute minimum values of the function over each of the indicated intervals. (a) Interval = [-4,0]. 1. Absolute maximum= 2. Absolute minimum = (b) Interval = [-1,8]. 1. Absolute maximum= 2. Absolute minimum = (c) Interval = [-4,8]. 1. Absolute maximum= 2. Absolute minimum = Note: You can earn partial credit on this problem. f(x) = x 6x - 63x + 10