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A baseball team plays in a stadium that holds 55,000 spectators. With ticket prices at $10, the average attendance has been 27,000.

A baseball team plays in a stadium that holds 55,000 spectators. With ticket
prices at $10, the average attendance has been 27,000. When ticket prices were
lowered to $8, the average attendance rose to 33,000. Find the demand function,
assuming that it is linear. How should ticket prices be set so as to maximize revenue?

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Dear Student, ======================================================================== Let ticket price = x and average... View the full answer

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