4. A concert promoter has found that if she sells tickets for S50 each, she can sall 1200 tickets,and for each $5 she raises the price, 50 less people attend.Ka) Construct a function that can be used to determine the ticket price that will maximizeher revenue Show your thinking here,(b) What ticket price maximizes her revemuc?

Explanation of the answer is as follows

Answered: 4. A concert promoter has found that if…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Similar questions

You manufacture ceramic lawn ornaments. After several months, your accountment tells you that your profit. P(n), can be modeled by the function P(n)= -0.002n^2 + 5.2n - 1208 where n is the number of ornaments sold each month a) How many ornaments must you make and sell in order to break even? b) How many ornaments must you make and sell in order to maximize profit? c) What is the maximum profit? d) How many ornaments must you make and sell in order to earn a profit of $1657?
The digital music industry has been growing steadily since the 2000s. The function h represents the percentage of music sales that are digital as a function of the number of years since 2002, t. 15.8182+49.91t h(t) = 17.0418+0.52t a) Determine (and state) the Vertical Intercept. Be sure to express as a point and round values to 2 decimal places. b) Explain the Vertical Intercept's meaning in the problem context. c) Determine (and state) the Horizontal Asymptote. Be sure to express your answer as a line and round values to 2 decimal places.
The demsnd function for a certain commodity is given by p=-1.5x^2-6x+110, where p is the quantity demanded each month. a) if the unit price is set at $20 show that x=6 by solving for x, the number of units sold, but not by plugging x=6. b) find the consumers' surplus if the selling price is set at $20. Use x=6
Assume that after sitting at McDonald's for 1 hour, I got back on the highway and again made good time averaging 78 mph for the next 1.5 hours followed by 45 minutes averaging 35 mph before stopping for the night. Create the piecewise function that models the complete road trip for that day. Explain the process/reasoning you used to create the rules and conditions that make up these last 3 pieces of the function.

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