A baseball team plays in a stadium that holds 52,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000. (a) Find a function that models the revenue in terms ticket price. (Let x represent the price of a ticket and R represent the revenue.) R(x) = (b) Find the price that maximizes revenue from ticket sales. (c) What ticket price is so high that no revenue is generated? %24

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.4: Definition Of The Derivative
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A baseball team plays in a stadium that holds 52,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000.
(a) Find a function that models the revenue in terms of ticket price. (Let x represent the price of a ticket and R represent the revenue.)
R(x)
(b) Find the price that maximizes revenue from ticket sales.
$
(c) What ticket price is so high that no revenue is generated?
$
Transcribed Image Text:A baseball team plays in a stadium that holds 52,000 spectators. With the ticket price at $10, the average attendance at recent games has been 21,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000. (a) Find a function that models the revenue in terms of ticket price. (Let x represent the price of a ticket and R represent the revenue.) R(x) (b) Find the price that maximizes revenue from ticket sales. $ (c) What ticket price is so high that no revenue is generated? $
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