Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An Albertabased NHL team is struggling to fill its seats. When the average ticket price is $250, the team sells an average of 8000 tickets.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
An Albertabased NHL team is struggling to fill its seats. When the average ticket price is $250, the team sells an average of 8000 tickets. However, when the average price is reduced to $150, the team sells an average of 16000 tickets. The relation of sold tickets (1(33) as a function of their average price :13 is assumed to be linear. Find the function 9(13). What should the average ticket price be in order to maximize revenue? Round your answer to two decimal places. (Hint: Use the revenue function ROB) : mq(m)) Check An apartment complex has 100 units. The monthly profit (in dollars) from renting out :13 apartments is given by the function Ixm)=Jm2+15mmMmm) How many units should be rented out to maximize monthly profit? Answer: Q What is the maximum monthly profit? Answer: $ E Check (184m) 2:13 in exact form [no approximations). Enter DNE if there are no critical points. Answer: Critical point(s} = E Find the critical point[s) of the function at) : , if any, leaving your answer(s} Check The cost of manufacturing :1? badminton rackets per day is given by the function C(32) : 650 + 5:: + 0.000232 Each racket can be sold at a price ofp dollars, where p : 10 0.0003213. Find the number of rackets to be manufactured which maximizes the daily profit for the company Answer: E Check Consider the function f($) : m6 111 :13 (a) Find the domain of f. Answer: (\\:l, E) (b) Find the critical points. (c) Find the domains of increase and decrease. Increasing l: E) l) Decreasing. [l (d) Find the inflection point. Consider the function x) = Em (a) Find the domain of f. Answer: [E E) (b) Find the local maximum. Answer: (:13; 'il) :( . l (c) Find the domains of increase and decrease. Increasing: (\\_/, \\_/) U (\\_/, \\_/) Decreasing: (E,E) (d) Find the inflection points. Check You will have 5 attempts for the first three parts of this problem. You will have 1 attempt for the last part of this problem. For 2 a: , 10:13 (I: : . m2+5' ) (::r:2+5)2 1'01?) = Find the :1? component of the critical point. [Please use exact values which might include square roots or exponentials etc. No decimals} w =: The interval of decrease is (i:l, \\:i]. The interval of increase isd:i, \\:i) The critical point is a {You have one attempt for this part} 0 local minimum 0 local maximum 0 neither Consider a function f such that f'(:1:): (m2 8):?1'. Then: 0 at) has a local minimum at :13 = S an) has a local maximum at :1: : E o an) is concave down over the interval (E! E) Check Let at) be a function defined for all m E R and such that: 0 f'(:12) is differentiable, with only two critical numbers at a\": = 6 and :12 = 9; o f"(113)> Uwhen :3 Z) 0, and f"(:13)

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_2

Step: 3

blur-text-image_3

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

Analytic Functions

Authors: MA Evgrafov

1st Edition

0486843661, 9780486843667

More Books

Students also viewed these Mathematics questions

Question

If the vector olddata is the same as the vector newdata

Answered: 1 week ago