Find the demand function, A baseball team plays in a

Find the demand function

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

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