Find a function that models the revenue

Assignment Help Mathematics
Reference no: EM13202253

A baseball team plays in a stadium that holds 51,000 spectators. With the ticket price at $10, the average attendance at recent games has been 30,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000. Find a function that models the revenue in terms of ticket price. (Let x be the ticket price and R(x) be the revenue.)

Reference no: EM13202253

Questions Cloud

How much was given to charities in general : About 35.9% of all charitable contributions are made to religious organizations. In 2003, about $86.4 billion was given to religious organizaions. How much was given to charities in general, given the aforementioned data?
What is the value of x : a rectangular prism has the dimensions of 4 by 6 by x. If the total surfacea area of the prism is 248 square units, what is the value of x?
How would you choose x to minimize y : The upper right-hand corner of a piece of paper, 11 in. by 6 in., as in the figure, is folded over to the bottom edge. How would you fold it so as to minimize the length of the fold? In other words, how would you choose x to minimize y?
How much should charge a fixed royalty per student enrolled : Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings HINT: Among the most popular home-based franchises are cleaning services offered to business..
Find a function that models the revenue : A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000. Find a function that models the revenue in terms of ticket price.
What are the earnings after interest : Determine the earnings after taxed and compute the percentage increase in these earnings from the answers you derived in part b.
What is the probability that a cd player will break down : Sunshine Stereo sells cd players. The cd players life is normally distributed with a mean of 2.3 years and a standard deviation of 0.4 years. What is the probability that a cd player will break down during the guarantee period of 2 years?
How the allocation of loss of total consumer and producer : Suppose that the demand for broccoli is given by Demand Q= 1,000 - 5p where Q is quantity per year measured in hundreds of bushels and P is price in dollars per hundred bushels. The long run supply curve for broccoli is given by Supply: Q= 4P - 80
Create an equation of a nonlinear function : Support your answer. Create an equation of a nonlinear function and provide two inputs for your classmates to evaluate.

Reviews

Write a Review

Mathematics Questions & Answers

  Find out the amplitude of the motion

A person bounces up and down on a trampoline, while always staying in contact with it. The motion is simple harmonic motion, and it takes 1.98 s to complete one cycle. The height of each bounce above the equilibrium position is 54.0 cm.

  Calculus - sequences and series, tests of convergence

Use the root test to show that a geometric series converges only if its ration has absolute value less than 1, or its initial term is 0

  Find the maximum rate of increase at p

Find the maximum rate of increase at P.

  What is the probability that this person used steroids

A particular test for the presence of steroids is to be used after a professional track meet. If steroids are present, the test will accurately indicate this 95% of the time.

  State purchased some lettuce heads and some tomatoes

Mrs. Gardner went to the market. She purchased some lettuce heads and some tomatoes. There were 12 items purchased. She bought twice as many tomatoes as lettuce heads.

  What is the probability of a randomly selected student

If 309 students was enrolled in a weekend and evening program, or a regional center with 6,633 students what is the probability of a randomly selected student attended a regional center or the weekend and evening program?

  Analyze the data using graphical representations

Analyze the data using graphical representations & numerical summaries.

  How are steps for solving equations and inequalities

How are the steps for solving equations and inequalities similar? How are the steps for solving equations and inequalities different? Give examples. You must do all parts of this question for credit.

  What are the unigueness conditions for l1 norm space

what are the Unigueness conditions for L1 norm space and why it does not applied very much.

  What should the firm charge in order to make a profit

What should the firm charge in order to make a profit?

  Find probability of a bullseye

Probability of a Bullseye, A simple dartboard has three areas - the main board has a radius of 10 inches, there is a circle with a radius of 5 inches, and the bullseye has a radius of 2 inches

  Slope-intercept form of perpendicular bisector

Find the slope-intercept form of a line that is the perpendicular bisector of a line segment connecting (-7,3) and (1,17)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd