Optimize and Maximize

5:22 PM

A baseball team plays in a stadium that hold 55, 000 spectators. With ticket prices at $10, the average attendance had been 27, 000. A market survey showed that for each $0.10 decrease in the ticket prices, on the average, the attendance will increase by 300. How should ticket prices be set to maximize revenue?






                                                      By: Daniel Joshua D. Domanais

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