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15-04-2024
Mathematics

Answered

A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $10 the average attendance has been 23000. When the price dropped to $9, the average attendance rose to 29000. a) Find the demand function p(x), where x is the number of the spectators. (Assume p(x) is linear.) B) How should ticket prices be set to maximize revenue?

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