19 Nov 2021
Problem 45b
Page 308
Section 4.6: Optimization Problems
Chapter 4: Applications of Differentiation
Textbook ExpertVerified Tutor
19 Nov 2021
Given information
1. A baseball team plays in a stadium that holds 55,000 spectators.
2. With ticket prices at , the average attendance had been 27,000.
3. When ticket prices were lowered to , the average attendance rose to 33,000.
Step-by-step explanation
Step 1.
From 45a we derived the demand function as follows:
Therefore revenue function is given by .