Identify function that maximizes revenue from ticket sales

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Reference no: EM133613454

Problem: A basketball team plays in a stadium with a capacity of 55,000 spectators. With the ticket price at $10, the average attendance at recent games has been 27,000 spectators. Market research indicates that for every dollar the ticket price drops, attendance will increase by 3,000. Identify the function that maximizes revenue from ticket sales.

Reference no: EM133613454

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