When the admission price for a baseball game was $4 per ticket, 50,000 tickets were sold. When the price was raised to $5, only 45,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are $0.10 and $95,000 respectively.(a) Find the profit P as a function of x, the number of tickets sold.P(x) =(b) Select the graph of P.y15000015000015000015000010000010000010000010000050 00050 00050 00050 00060 00060 d002000040 0002000040 00060 0002000040 00060 0002000040 000- 50 000-50 000- 50 000- 50 000-100000-100000- 100000-100000O-150000@-150000-O 0-150000O 0-150000!(c) Find the marginal profits when 25,000 tickets were sold and when 50,000 tickets were sold.P'(25,000) =per ticketP'(50,000) =per ticket

Name: When the admission price for a baseball game was $4 per ticket, 50,00
Uploaded: 2024-03-20T07:07:26.000Z
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Description: When the admission price for a baseball game was $4 per ticket, 50,000 tickets were sold. When the price was raised to $5, only 45,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball pa

Given that when admission price is $4 per ticket 50000 tickets were sold and when price was raised…

Math

Calculus

when the admission price for a baseball game was 54 per ticket. 50.000 tickets were sold. when the price was raised to $5. only 45.000 tickets were sold. Assume that the demand function is linear and that the variable and foxed costs for the ball park owners are s0.10 and s95.000 respectively. (a) Find the profit Pas a function of x. the number of tickets sold. P) - (b) Select the graph of P. AHHM 150000 150000 150000 150000 100000 100000 100000 100000 s0 000 50000 50 000 s0 000 20000 40000 20000 40 000 60 000 20000 40000 60000 20000 40000 60 oo -50000 -50000 -50 000- -50 000 -100000 -100000 100000 -100000 o-150000 O o-150000 ! 00-13000o! 0 o-15000o! (e) Find the marginal profits when 25.000 tickets were sold and when 50.000 tickets were sold. P(25.000) - per ticket P(50.000)- per ticket