Find the price that maximizes revenue from ticket sales

Reference no: EM13203809

A baseball team plays in a stadium that holds 60,000 spectators. With the ticket price at $10, the average attendance at recent games has been 33,000. 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 be the ticket price and R(x) be the revenue.)

(b) Find the price that maximizes revenue from ticket sales.

Reference no: EM13203809

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