The Portland Sea Dogs, the AA affiliate of the Boston Red Sox major league baseball team, have enjoyed a surge in popularity. During a recent home stand, suppose the club offered $5 off the $12 regular price of reserved seats, and sales spurted from 3,200 to 5,200 tickets per game.
A.Derive the function that describes the price-output relation with the price expressed as a function of quantity (tickets sold). Also express tickets sold as a function of price.© BrainMass Inc. brainmass.com October 9, 2019, 11:46 pm ad1c9bdddf
(A) Let p be the price per ticket, q be the number of tickets sold and R be the revenue
When p ...
The price and total revenue of Portland Sea Dogs are examined. A complete, neat and step-by-step solution is provided.