HW 5 Quadratic Functions and Optimization in Quadratic Models: Problem 14 (3 points) Results for this submission Entered Answer Preview 24.14 24.14 Result incorrect incorrect At least one of the answers above is NOT correct. 1 of the questions remains unanswered. An average of 20,000 people visit Riverside Park each day in the summer. The park charges $18.00 for admission. Consultants predict that for each $1.00 increase in the entrance price, the park would lose an average of 3, 500 customers per day. (a) Express the daily revenue from ticket sales, R as a function of the number of $1.00 price increases, . R = f(x)= (b) What ticket price maximizes the revenue from ticket sales? $ (round to nearest cent) Note: You can earn partial credit on this problem. Preview My Answers Submit Answers Your score was recorded. You have attempted this problem 8 times. You received a score of 0% for this attempt. Your overall recorded score is 0%. You have unlimited attempts remaining. k Page generated at 05/03/2024 at 08:47pm EDT WeBWorK 1996-2022 | theme: math4-green | ww_version: 2.17 | pg_version 2.17 | The WeBWorK Project MacBook Air
HW 5 Quadratic Functions and Optimization in Quadratic Models: Problem 14 (3 points) Results for this submission Entered Answer Preview 24.14 24.14 Result incorrect incorrect At least one of the answers above is NOT correct. 1 of the questions remains unanswered. An average of 20,000 people visit Riverside Park each day in the summer. The park charges $18.00 for admission. Consultants predict that for each $1.00 increase in the entrance price, the park would lose an average of 3, 500 customers per day. (a) Express the daily revenue from ticket sales, R as a function of the number of $1.00 price increases, . R = f(x)= (b) What ticket price maximizes the revenue from ticket sales? $ (round to nearest cent) Note: You can earn partial credit on this problem. Preview My Answers Submit Answers Your score was recorded. You have attempted this problem 8 times. You received a score of 0% for this attempt. Your overall recorded score is 0%. You have unlimited attempts remaining. k Page generated at 05/03/2024 at 08:47pm EDT WeBWorK 1996-2022 | theme: math4-green | ww_version: 2.17 | pg_version 2.17 | The WeBWorK Project MacBook Air
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 35SP
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning