Find the demand function, A baseball team plays in a

Find the demand function

Assignment Help Mathematics

Reference no: EM13178570

A baseball team plays in a stadium that holds 59000 spectators. With ticket prices at $10, the average attendance had been 5000. When ticket prices were lowered to $8, the average attendance rose to 15000.

a. Find the demand function (price p as a function of attendance x), assuming it to be linear.

b. How should ticket prices be set to maximize revenue? (round answer to nearest cent)

Reference no: EM13178570

Questions Cloud

Disaster preparedness campaign targeting low-income latino : The article Developing a Disaster Preparedness Campaign Targeting Low-Income Latino Immigrants: Focus Group Results for Project PREP utilizes focus groups to conduct research.

Find the difference in the interest charges : He plans to pay the loan back in full in 5 months using his income tax refund. He can go to a finance company that will charge him 18% or to his uncle, who has greed to charge him 9%. Find the difference in the interest charges.

What is the value of the externality : If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?

Depict structure of the gamma lactone formed from galactose : In acidic solution an aldonic acid is converted to a gamma lactone. Draw the structure of the gamma lactone formed from galactose, and draw a mechanism for its formation.

Find the demand function : A baseball team plays in a stadium that holds 59000 spectators. With ticket prices at $10, the average attendance had been 5000. When ticket prices were lowered to $8, the average attendance rose to 15000.

Write d in terms of a and s : The sail area-displacement ratio S provides a measure of the sail power available to drive a boat. For a boat with a displacement of d pounds and a sail area of A Tartan 4100, which has a sail area of 810 square feet and a displacement of 23,245 p..

Human and animal communication : In the left hand column are some human linguistic expressions. On the right are some animals, who have their own communicative expressions. Click on the controllers under the pictures to hear the animal expressions.

How much new borrowing will be required : The Four Stars has aftertax income of $62,000 for the year just ended. The company has a residual dividend policy and a target debt-equity ratio of .5. The firm wants to invest $89,000 in a new project. How much new borrowing will be required?

What is the probability of getting a score : What is the probability of getting a score of 68 or less on this exam?

User Account

All Pages