subject
Business, 02.04.2021 01:00 liliJ

A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the average attendance has been 20000. When the price dropped to $5, the average attendance rose to 24000. a) Find the demand function p(x), where x is the number of the spectators. (Assume that p(x) is linear.) p(x)= b) How should ticket prices be set to maximize revenue? The revenue is maximized by charging $ per ticket.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:00
Answer the following questions using the data given below. annual percent return on mutual funds (n = 17) last year (x) this year (y) 11.9 15.4 19.5 26.7 11.2 18.2 14.1 16.7 14.2 13.2 5.2 16.4 20.7 21.1 11.3 12.0 –1.1 12.1 3.9 7.4 12.9 11.5 12.4 23.0 12.5 12.7 2.7 15.1 8.8 18.7 7.2 9.9 5.9 18.9
Answers: 3
question
Business, 21.06.2019 21:30
Big trail running company has started to produce running apparel in addition to the trail running shoes that they have manufactured for years. they feel that a departmental overhead rate would best reflect their overall manufacturing overhead usage. based on research the following information was gathered for the upcoming year: machining department finishing department estimated manufacturing overhead by department $ 600 comma 000 $ 400 comma 000 trail running shoes 440 comma 000 machine hours 11 comma 000 direct labor hours running apparel 60 comma 000 machine hours 39 comma 000 direct labor hours manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department. at the end of the year, the following information was gathered related to the production of the trail running shoes and running apparel: machining department finishing department trail running shoes 442 comma 000 hours 10 comma 500 hours running apparel 57 comma 000 hours 40 comma 000 hours how much manufacturing overhead will be allocated to the trail running shoes
Answers: 3
question
Business, 21.06.2019 22:10
There are more than two types of bachelors’ degrees true or false?
Answers: 1
question
Business, 22.06.2019 11:30
When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is
Answers: 2
You know the right answer?
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $8 the aver...
Questions
question
Mathematics, 21.01.2021 19:30
question
Mathematics, 21.01.2021 19:30
question
Biology, 21.01.2021 19:30
question
History, 21.01.2021 19:30