Marginal Profit When the admission price for a baseball game was $6 per ticket, 36,000
Chapter 2, Problem 41(choose chapter or problem)
Marginal Profit When the admission price for a baseball game was $6 per ticket, 36,000 tickets were sold. When the price was raised to $7, only 33,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ballpark owners are $0.20 and $85,000, respectively. (a) Find the profit as a function of the number of tickets sold. (b) Use a graphing utility to graph and comment about the slopes of when and when (c) Find the marginal profits when 18,000 tickets are sold and when 36,000 tickets are sold.
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