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23-12-2022
Business

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A baseball team plays in a stadium that holds 57,000 spectators. With ticket prices at $10, the average attendance had been 5,000. When ticket prices were lowered to $8, the average attendance rose to 15,000 .(a) Find the demand function (price p as a function of attendance x), assuming it to be linear .(b) How should ticket prices be set to maximize revenue?

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