The demand for tickets to an amusement park is given by p= 70 – 0.02q, where p is the price of a ticket in dollars and q is the number of people attending at that price. - (a) What price generates an attendance of 3000 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ generates an attendance of 3000 people and total revenue of $ When the price is $20 the total revenue is $ (b) Write the revenue function as a function of attendance, q, at the amusement park. R(q) : (c) What attendance maximizes revenue?
The demand for tickets to an amusement park is given by p= 70 – 0.02q, where p is the price of a ticket in dollars and q is the number of people attending at that price. - (a) What price generates an attendance of 3000 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ generates an attendance of 3000 people and total revenue of $ When the price is $20 the total revenue is $ (b) Write the revenue function as a function of attendance, q, at the amusement park. R(q) : (c) What attendance maximizes revenue?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter3: Polynomial And Rational Functions
Section3.1: Quadratic Functions And Models
Problem 56E: When a certain drug is taken orally, the concentration of the drug in the patient's bloodstream...
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