4. A professional basketball team plays in a stadium that holds 23,000 spectators. With ticket prices at $60, the average attendance had been 18,000. When ticket prices were lowered to $55, the average attendance rose to 20,000. Based on this pattern, how should ticket prices be set to maximize ticket revenue?
4. A professional basketball team plays in a stadium that holds 23,000 spectators. With ticket prices at $60, the average attendance had been 18,000. When ticket prices were lowered to $55, the average attendance rose to 20,000. Based on this pattern, how should ticket prices be set to maximize ticket revenue?
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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