document.write( "Question 1136931: A baseball team plays in a stadium that holds 68000 spectators. With the ticket price at $11 the average attendance has been 28000. When the price dropped to $9, the average attendance rose to 34000. Assume that attendance is linearly related to ticket price. \r
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document.write( "What ticket price would maximize revenue? \n" );
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Algebra.Com's Answer #754767 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! Let \n" ); document.write( "Let \n" ); document.write( "----------------------------------------- \n" ); document.write( "You are given 2 points on a straight line: \n" ); document.write( "( 11, 28 ) \n" ); document.write( "( 9, 34 ) \n" ); document.write( "Use point-slope formula \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "------------------------ \n" ); document.write( "check: \n" ); document.write( "( 11,28 ) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "OK \n" ); document.write( "( 9,34 ) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "OK \n" ); document.write( "------------------------ \n" ); document.write( "Revenue, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "------------------------------ \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$310,084 \n" ); document.write( "If you need to, get a 2nd opinion also \n" ); document.write( "-------------------------------------- \n" ); document.write( "Here's the plots of \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |