When a management training company prices its seminar on management techniques at $400 per person, 1,000 people will attend the seminar. The company estimates that for each $5 reduction in price, an additional 20 people will attend the seminar. Let x represent the number of $5 reductions.
When a management training company prices its seminar on management techniques at $400 per person, 1,000 people will attend the seminar. The company estimates that for each $5 reduction in price, an additional 20 people will attend the seminar. Let x represent the number of $5 reductions.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.7: Direct And Inverse Variation
Problem 36PS
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Question
Use the Maximum Revenue information above to answer this question.
Since price cannot be negative, we have X ≤_________.
Use the Maximum Revenue information above to answer this question.
A negative value of X would result in a price increase.
Since the problem is stated in terms of price reductions, we must restrict X so that X≥ _____.
![When a management training company prices its seminar on management techniques at
$400 per person, 1,000 people will attend the seminar. The company estimates that for each
$5 reduction in price, an additional 20 people will attend the seminar.
Let x represent the number of $5 reductions.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e723b24-d59d-4231-b966-9a7027336941%2F49c17082-939b-4a42-b5e4-7eb063e99388%2Fj2z0ctv_processed.png&w=3840&q=75)
Transcribed Image Text:When a management training company prices its seminar on management techniques at
$400 per person, 1,000 people will attend the seminar. The company estimates that for each
$5 reduction in price, an additional 20 people will attend the seminar.
Let x represent the number of $5 reductions.
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