document.write( "Question 1161146: A basketball team plays in a stadium that holds 55,000 spectators. With ticket prices at $10, the average attendance has been 27,000. A market survey shows that for each $0.10 decrease in the ticket prices, on average, the attendance will increase by 300. What price should the tickets be set at to maximize revenue?
\n" ); document.write( "Remember: Revenue = Price X Quantity
\n" ); document.write( "A) Writeboththequantityandpriceequations.
\n" ); document.write( "B) Writetherevenuefunction.
\n" ); document.write( "C) Graph the revenue function. Clearly label the axes and show a complete graph.
\n" ); document.write( "D) On the graph, identify the maximum and draw a tangent line at that point.
\n" ); document.write( "E) Findthederivativeofyourrevenuefunction.
\n" ); document.write( "F) Usingyourderivative,findyourmaximumpoint.
\n" ); document.write( "G) Find the best ticket price, maximum revenue, and how many spectators will be in attendance.
\n" ); document.write( "H) Explain what is happening to the revenue before the maximum point and after the maximum point, in
\n" ); document.write( "relation to ticket price and spectators.
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Algebra.Com's Answer #784635 by ikleyn(52782)\"\" \"About 
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