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Business, 02.04.2021 01:00 liliJ

A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 20000. When the price dropped to $5, the average attendance rose to 24000. 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.

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A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the aver...

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