An average of 90,000 people visit Riverside Park each day in the summer. The park charges $27.00 for admission. Consultants predict that for each $1.00 increase in the entrance price, the park would lose an average of 2,500 customers per day. (a) Express the daily revenue from ticket sales, R as a function of the number of $1.00 price increases, x. R=f(x)= (b) What ticket price maximizes the revenue from ticket sales?
An average of 90,000 people visit Riverside Park each day in the summer. The park charges $27.00 for admission. Consultants predict that for each $1.00 increase in the entrance price, the park would lose an average of 2,500 customers per day.
(a) Express the daily revenue from ticket sales, R as a function of the number of $1.00 price increases, x.
R=f(x)=
(b) What ticket price maximizes the revenue from ticket sales?
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An average of 90,000 people visit Riverside Park when the ticket price is $27
for each $1.00 increase in the entrance price, the park would lose an average of 2,500 customers
let x= number of times increase in price by $1
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