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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text: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
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