A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $12 the average attendance has been 25000. When the price dropped to $10, the average attendance rose to 28000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.10: Inverse Variation
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A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $12 the average
attendance has been 25000. When the price dropped to $10, the average attendance rose to 28000. Assume
that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
Transcribed Image Text:A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $12 the average attendance has been 25000. When the price dropped to $10, the average attendance rose to 28000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $
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