Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Given the data X tickets sold Y $ price per ticket 2000 $25 3000 $23 a) (6 pts) Determine a linear price equation y=f(x)

image text in transcribed
image text in transcribed
2. Given the data X tickets sold Y $ price per ticket 2000 $25 3000 $23 a) (6 pts) Determine a linear price equation y=f(x) for the price of tickets. b) (6 pts) Assume that everyone spends $7 on concessions. Find the (x, y) coordinates of the maximum revenue and use the 2" derivative test to verify that you have a relative max. c) (2 pts) Show work to determine the best price to maximize the revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra and Trigonometry

Authors: Ron Larson

10th edition

9781337514255, 1337271179, 133751425X, 978-1337271172

Students also viewed these Mathematics questions

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago