Solution: A baseball team plays in a stadium that holds 55,000 spectators. With ticket
Chapter 4, Problem 45(choose chapter or problem)
A baseball team plays in a stadium that holds 55,000 spectators. With ticket prices at , the average attendance had been 27,000. When ticket prices were lowered to , the average attendance rose to 33,000. (a) Find the demand function, assuming that it is linear. (b) How should ticket prices be set to maximize revenue?
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