Williams Warren
10/10/2024 · Junior High School
A baseball team plays in a stadium that holds 65,000 spectators. With the ticket price at \( \$ 15 \), the average attendance at recent games has been 36,000 . A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 4000 . 4. Find the price that maximizes revenue from ticket sales.
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The price that maximizes revenue is \( \$12 \).
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit