Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games, At a price of $18 per ticket, attendance averages 40,000 people per game Every decrease of $3 to the ticket price adds 10,000 people to the average attendance Every person at a game spends an average of $4.50 on concessions What price per ticket should be charged to maximize revenue? How many people will attend at that price?
Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games, At a price of $18 per ticket, attendance averages 40,000 people per game Every decrease of $3 to the ticket price adds 10,000 people to the average attendance Every person at a game spends an average of $4.50 on concessions What price per ticket should be charged to maximize revenue? How many people will attend at that price?
Solution Summary: The author calculates the price per ticket of a football game to maximize profit by Edwards University and the number of people who will attend at that price.
Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games, At a price of $18 per ticket, attendance averages 40,000 people per game Every decrease of $3 to the ticket price adds 10,000 people to the average attendance Every person at a game spends an average of $4.50 on concessions What price per ticket should be charged to maximize revenue? How many people will attend at that price?
nd
ave a
ction and
ave an
48. The domain of f
y=f'(x)
x
1
2
(=
x<0
x<0
= f(x)
possible.
Group Activity In Exercises 49 and 50, do the following.
(a) Find the absolute extrema of f and where they occur.
(b) Find any points of inflection.
(c) Sketch a possible graph of f.
49. f is continuous on [0,3] and satisfies the following.
X
0
1
2
3
f
0
2
0
-2
f'
3
0
does not exist
-3
f"
0
-1
does not exist
0
ve
tes where
X
0 < x <1
1< x <2
2
Numerically estimate the value of limx→2+x3−83x−9, rounded correctly to one decimal place.
In the provided table below, you must enter your answers rounded exactly to the correct number of decimals, based on the Numerical Conventions for MATH1044 (see lecture notes 1.3
Actions
page 3). If there are more rows provided in the table than you need, enter NA for those output values in the table that should not be used.
x→2+
x3−83x−9
2.1
2.01
2.001
2.0001
2.00001
2.000001
Find the general solution of the given differential equation.
(1+x)dy/dx - xy = x +x2
Chapter 2 Solutions
Calculus and Its Applications Plus MyLab Math with Pearson eText -- Access Card Package (11th Edition) (Bittinger, Ellenbogen & Surgent, The Calculus and Its Applications Series)
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