The demand for tickets to an amusement park is given by p= 80 -0.04q, 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 1750 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ 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) = generates an attendance of 1750 =

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 53E
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(c) What attendance maximizes revenue?
9
(d) What price should be charged to maximize revenue?
The optimal price for a ticket
at the amusement park is $
(e) What is the maximum revenue? Can we determine the
corresponding profit?
Revenue
=
$
The corresponding profit Choose one be determined.
Transcribed Image Text:(c) What attendance maximizes revenue? 9 (d) What price should be charged to maximize revenue? The optimal price for a ticket at the amusement park is $ (e) What is the maximum revenue? Can we determine the corresponding profit? Revenue = $ The corresponding profit Choose one be determined.
The demand for tickets to an amusement park is given by
р 800.04q, 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 1750 people? What is the
total revenue at that price? What is the total revenue if the price
is $20?
A price of $
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)
generates an attendance of 1750
=
Transcribed Image Text:The demand for tickets to an amusement park is given by р 800.04q, 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 1750 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ 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) generates an attendance of 1750 =
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