Stude ALT Ches Chap Reve Every Ever Every Calcu You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 360 guests per night. The next week you charged $12 per guest and averaged 260 guests per night. (a) Find a linear demand equation showing the number of guests q per night as a function of the cover charge p. (p) (b) Find the nightly revenue as a function of the cover charge p. P= 1 r=0 I=s A= = R() = (c) The club will provide two free non-alcoholic drinks for each guest, costing the club $5 per head. In addition, the nightly overheads (rent, salaries, dancers, DJ, etc.) amount to $1,000. Find the cost C as a function of the cover charge p. C(p) - (d) Now find the profit in terms of the cover charge p. PCD) - Determine the entrance fee you should charge for a maximum profit. p = $ per guest Need Help? Read It Practice it Talk to a Tutor