Abaseball team plays in a stadium that holds 5 spectators. with the ticket price at $12 the average attendence has been 2. when the price dropped to $10, the average attendence rose to 25000. assume that attendence is linearly related to ticket price.
the question answer is
what ticket price would maximize revenue? $
multiply 80 * 24, to get the total amount sold each day. divide by 10 to get the amount per hour.
the y value for the point located 3 over 4 the distance from r to s is 23/4=5.75
initial point: r=(1,2)=(xr,yr)→xr=1, yr=2
final point: s=(6,7)=(xs,ys)→xs=6. ys=7
point: p=(x,y), y=?
and the ratio:
r=(3/4)rs / [(1/4)rs]
r=(3/4) / (1/4)