Concept explainers
Film attendance An excellent film with a very small advertising budget must depend largely on word- of-mouth advertising. In this case, the rate at which weekly attendance might grow can be given by
(a) Find the function that describes weekly attendance at this film.
(b) Find the attendance at this film in the 10th week.
Trending nowThis is a popular solution!
Chapter 12 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Revenue A manufacturer finds that the revenue generated by selling x units of a certain commodity is given by the function R(x)=80x0.4x2, where the revenue R(x) is measured in dollars. What is the maximum revenue? and how many units should be manufactured to obtain this maximum?arrow_forwardMaximum Revenue A small theater has a seating capacity of 2000.When the ticket price is 20,attendance is 1500.For each 1decrease in price, attendance increases by 100. (a) Write the revenue R of the theater as a function of ticket price x. (b) What ticket price will yield a maximum revenue? What is the maximum revenue?arrow_forwardProfit The profit P, in thousands of dollars that a manufacturer makes is a function of the number N of items produced in a year, and the formula is P=0.2N2+3.6N9. a. Express using functional notation the profit at a production level of 5 items per year, and then calculate that value. b. Determine the two break-even points for this manufacturesthat is, the two production levels at which the profit is zero. c. Determine the maximum profit if the manufacturer can produce at most 20 items in a year.arrow_forward
- Juice Sales The number J, in thousands, of cans of frozen orange juice sold weekly is a function of the price P, in dollars, of a can. In a certain grocery store, the formula is J=11-2.5P. a. Express using functional notation the number of cans sold weekly if the price of a can is 1.40, and then calculate that value. b. At what price will there be 7.25 thousand cans sold weekly? c. Solve for P in the formula above to obtain a formula expressing P as a fuction of J. d. At what price will there be 7.75 thousand cans sold weekly?arrow_forwardSales Growth In this exercise, we develop a model for the growth rate G, in thousands of dollars per year, in sales of the product as a function of the sales level s, in thousands of dollars. The model assumes that there is a limit to the total amount of sales that can be attained. In this situation, we use the term unattained sales for difference this limit and the current sales level. For example, if we expect sales grow to 3 thousand dollars in the long run, then 3-s is the unattained sales. The model states that the growth rate G is proportional to the product of the sales level s, and the unattained sales. Assume that the constant of proportionality is 0.3 and that the sales grow to 2 thousand dollars in the long run. a.Find the formula for unattained sales. b.Write an equation that shows the proportionality relation for G. c.On the basis of the equation from the part b, make a graph of G as a function of s. d.At what sales level is the growth rate as large as possible? e.What is the largest possible growth rate?arrow_forward
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning