Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games. At $18 per ticket, attendance averages 40,000 people per game. Every decrease of $3 to the ticket price adds 10,000 people to the average attendance. Every person at a game spends an average of $4.50 on concessions. What price per ticket will maximize revenue

Answers

Answer 1

Answer:

New price is $12.75

New attendance is 57500

Step-by-step explanation:

For starters, we use the relation.

18 - 3x

Since we don't know the number of times we're expected to deduct $3 from the price.

Again, we have 40000 + 10000x on another hand. Question says to add 10000 people everytime $3 is deducted.

Since (40000 + 10000x) is the number of people, we multiply it by $4.50, the average amount each person spends is then gotten to be

(18 - 3x) (40000 + 10000x) + (40000 + 10000x) (4.5) = 0

Expanding the bracket, we have

[720000 + 60000x - 30000x²] + [180000 + 45000x] = 0, solving further, we have

900000 + 105000x - 30000x² = 0 or

-30000x² + 105000x + 900000 = 0

Then, we find the maximum of a quadratic, by finding the axis of symmetry. Use x = -b/2a

x = -105000 / 2 * -30000

x = -105000 / -60000

x = 1.75

From our earlier equations, the new price then is

18 - 3(1.75) = 18 - 5.25 = $12.75

The new attendance also is

40000 + 10000(1.75) =

40000 + 17500 = 57500


Related Questions

Jacob's family takes the train to the city. The sign below shows information about the cost of train tickets. Jacob's family buys 2 adult tickets and 3 child tickets.
How much does it cost Jacob's family to take the train into the city?

Train Fare One-Way Adult $7 Child $6

It costs Jacob's family $
32
to take the train into the city.
You got it!
Jacob’s father pays for the tickets with $5 bills. He receives $3 in change. How many $5 bills does Jacob’s father use to pay for the tickets?

Answers

Answer:

it cost Jacob family $32 and he used 7 $5 bill to pay

Step-by-step explanation:

2 × 7 = 14

3 × 6 = 18

18 + 14 = 32

5x - 32 = 3

5x = 32 + 3

5x = 35

x = 35 ÷ 5

x = 7

Suppose Charli D'Amelio posted 40 dance videos to TikTok. If 65% of the videos have her making up her own moves, how many of the dance videos do not have her making up her own moves?

Answers

100-65=35%
0.4x35=14
So 14 would not be her own moves.

Step-by-step explanation:

[tex]40 - (40 \div 100 \times 65) = \\ = 40 - (0.4 \times 65) = \\ = 40 - 26 = \\ = 14[/tex]

-7x+4y=32
-5x-2y = -16
elimination method explain please

Answers

Answer:

(0,8)

Step-by-step explanation:

-7x+4y=32

-10x-4y=-32

-17x=0

x=0

-5×0-2y=-16

y=8

(0,8)

What is y if x=6 eqaution=y=4x+5​

Answers

y=29 ! hope this helps

VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST.

Answers

Answer:

A scale of 3

Step-by-step explanation:

dd2d2de2f3f

NEED HELP ASAP WILL GIVE BRAINLIEST REAL ANSWERS ONLY PLZ

Answers

Answer:

D

Step-by-step explanation:

They are trying to see how long it takes people to complete the writing portion of the test.

The perimeter of a rectangle is 56mm. Three of the sides have a length of 15mm, 13mm, and 15mm. What is the side length?

Answers

Answer and working out attached below. Hope it helps

find the centre and radius of the following Cycles 9 x square + 9 y square +27 x + 12 y + 19 equals 0​

Answers

Answer:

Radius: [tex]r =\frac{\sqrt {21}}{6}[/tex]

[tex]Center = (-\frac{3}{2}, -\frac{2}{3})[/tex]

Step-by-step explanation:

Given

[tex]9x^2 + 9y^2 + 27x + 12y + 19 = 0[/tex]

Solving (a): The radius of the circle

First, we express the equation as:

[tex](x - h)^2 + (y - k)^2 = r^2[/tex]

Where

[tex]r = radius[/tex]

[tex](h,k) =center[/tex]

So, we have:

[tex]9x^2 + 9y^2 + 27x + 12y + 19 = 0[/tex]

Divide through by 9

[tex]x^2 + y^2 + 3x + \frac{12}{9}y + \frac{19}{9} = 0[/tex]

Rewrite as:

[tex]x^2 + 3x + y^2+ \frac{12}{9}y =- \frac{19}{9}[/tex]

Group the expression into 2

[tex][x^2 + 3x] + [y^2+ \frac{12}{9}y] =- \frac{19}{9}[/tex]

[tex][x^2 + 3x] + [y^2+ \frac{4}{3}y] =- \frac{19}{9}[/tex]

Next, we complete the square on each group.

For [tex][x^2 + 3x][/tex]

1: Divide the [tex]coefficient\ of\ x\ by\ 2[/tex]

2: Take the [tex]square\ of\ the\ division[/tex]

3: Add this [tex]square\ to\ both\ sides\ of\ the\ equation.[/tex]

So, we have:

[tex][x^2 + 3x] + [y^2+ \frac{4}{3}y] =- \frac{19}{9}[/tex]

[tex][x^2 + 3x + (\frac{3}{2})^2] + [y^2+ \frac{4}{3}y] =- \frac{19}{9}+ (\frac{3}{2})^2[/tex]

Factorize

[tex][x + \frac{3}{2}]^2+ [y^2+ \frac{4}{3}y] =- \frac{19}{9}+ (\frac{3}{2})^2[/tex]

Apply the same to y

[tex][x + \frac{3}{2}]^2+ [y^2+ \frac{4}{3}y +(\frac{4}{6})^2 ] =- \frac{19}{9}+ (\frac{3}{2})^2 +(\frac{4}{6})^2[/tex]

[tex][x + \frac{3}{2}]^2+ [y +\frac{4}{6}]^2 =- \frac{19}{9}+ (\frac{3}{2})^2 +(\frac{4}{6})^2[/tex]

[tex][x + \frac{3}{2}]^2+ [y +\frac{4}{6}]^2 =- \frac{19}{9}+ \frac{9}{4} +\frac{16}{36}[/tex]

Add the fractions

[tex][x + \frac{3}{2}]^2+ [y +\frac{4}{6}]^2 =\frac{-19 * 4 + 9 * 9 + 16 * 1}{36}[/tex]

[tex][x + \frac{3}{2}]^2+ [y +\frac{4}{6}]^2 =\frac{21}{36}[/tex]

[tex][x + \frac{3}{2}]^2+ [y +\frac{4}{6}]^2 =\frac{7}{12}[/tex]

[tex][x + \frac{3}{2}]^2+ [y +\frac{2}{3}]^2 =\frac{7}{12}[/tex]

Recall that:

[tex](x - h)^2 + (y - k)^2 = r^2[/tex]

By comparison:

[tex]r^2 =\frac{7}{12}[/tex]

Take square roots of both sides

[tex]r =\sqrt{\frac{7}{12}}[/tex]

Split

[tex]r =\frac{\sqrt 7}{\sqrt 12}[/tex]

Rationalize

[tex]r =\frac{\sqrt 7*\sqrt 12}{\sqrt 12*\sqrt 12}[/tex]

[tex]r =\frac{\sqrt {84}}{12}[/tex]

[tex]r =\frac{\sqrt {4*21}}{12}[/tex]

[tex]r =\frac{2\sqrt {21}}{12}[/tex]

[tex]r =\frac{\sqrt {21}}{6}[/tex]

Solving (b): The center

Recall that:

[tex](x - h)^2 + (y - k)^2 = r^2[/tex]

Where

[tex]r = radius[/tex]

[tex](h,k) =center[/tex]

From:

[tex][x + \frac{3}{2}]^2+ [y +\frac{2}{3}]^2 =\frac{7}{12}[/tex]

[tex]-h = \frac{3}{2}[/tex] and [tex]-k = \frac{2}{3}[/tex]

Solve for h and k

[tex]h = -\frac{3}{2}[/tex] and [tex]k = -\frac{2}{3}[/tex]

Hence, the center is:

[tex]Center = (-\frac{3}{2}, -\frac{2}{3})[/tex]

HELP DUE IN 2 MINUTESS!!!! PLS HELP
An Urn contains 6 red marbles and 9 white marbles. A marble is drawn and put back into the urn. Both marbles were red. If another marble is drawn, what is the probability of it being white?

Answers

Answer:

3/5

Step-by-step explanation:

favorable outcomes/total number of outcomes=probability

Answer:

[tex] \frac{3}{5} [/tex]

Step-by-step explanation:

Previous extractions do not influence the probability

,........................................................................................l

Answers

No ...................,,,,,,,,..........

If the rate of change of the graph of a linear equation is 4 and the y-intercept is (0, 8), what is the linear equation that represents the graph?

Answers

Answer:

y = 4x + 8

Step-by-step explanation:

The linear equation can be written in the form y = mx + b. "y" and "x" stay as they are. The "m" is the slope or rate of change. The b is the y-intercept.

Hope it helps!!!

(May I have brainliest if it's correct please?)

Which is the graph of x - y = 1?
y
y
5
5
4
4
3
3
3
2
2
2
1
1
4
3
1 2
5
5
4-3-2-1,
1 2 3 4 5 X
4
1 2 3
5-4-3-2-11
5-4-3-2-1
2
-2
2-
-3
3
4
4
5
5
ly
5
4
3

Answers

Answer:

the 3rd graph

Step-by-step explanation:

The graph which represents x-y = 1 is; The 3rd graph.

Graph of a straight line

From the task content, the given equation of the line is; x - y = 1.

By rearranging the equation to take the slope-intercept form;.

y = x - 1.

Hence, slope of the graph is 1 and the y-intercept of the graph is -1.

On this note, only the 3rd graph satisfies the conditions above.

Read more on graph of a straight line;

https://brainly.com/question/14323743

Which of the fractions is equivalent to 2/5?

Answers

Answer:

4/10, 6/15, 8/20, 10/25

Step-by-step explanation:

help lol i can’t do math and everything is due at midnight

Answers

140 degrees should be the correct answer

Which statement is true about the solution to ?

The solution is x = –1 because .
The solution is x = 1 because .
The solution is x = 0 because .
There are no real number solutions to this equation.

Answers

Answer: correct

Step-by-step explanation: The solution is x = –1 because .

The solution is x = 1 because .

The solution is x = 0 because .

There are no real number solutions to this equation.

Answer: There are no real number solutions to this equation.

A spinner has six equal-sized sections numbered 1, 1, 2, 2, 3, and 4. What is the probability of spinning a 3?

Answers

Answer:

1/6 or 0.166666...

Step-by-step explanation:

1 out of 6, so 1/6

Il means
* is equal to
* is parallel to
*lines
* therefore
* none of these​

Answers

I just got finished with this question I’m pretty sure it is “ is equal to”

Please please help please

Answers

Answer:

Greater Than [The second choice]

Step-by-step explanation:

What is the range of y=4sin(x)-2

Answers

Answer:

According to me it should be -6 [tex]\leq[/tex] y [tex]\leq[/tex] 2.

Step-by-step explanation:

3^x = 9x. What is the value of x?​

Answers

x = 3

[tex]3^{3} =[/tex] 3 x 3 x 3 = 27

9x = 9 x 3 = 27

"An education researcher recorded the number of books students read over the last year and the number of vocabulary words that students defined correctly on a test of 100 vocabulary words. The resulting data were used to conduct a hypothesis test to investigate whether there is a positive linear relationship between the number of books read and the number of vocabulary words defined correctly. What are the correct hypotheses for the test?"

Answers

Answer:

B

Step-by-step explanation:


You are cutting pieces of fabric for a craft project. You need three pieces that measure 6 2/3 inches, 4 1/2inches, and 3 5/8inches.
What is the total length of fabric that you need ?

Answers

Answer:

Step-by-step explanation:

14/19/24

The area of a circle is 4​ square centimeters. What is the circumference?

Answers

7.088

Step 1) get r from area= pi *r^2

2) found the centimeters

help me with this please and if you can do a step by step it would help​

Answers

Answer:

Angle 6x and Angle 5x + 10 are corresponding angle pair,

they are equal

6x = 5x + 106x - 5x = 10x = 10

so each angle = 6 × 10 = 60°

I need help please help

Answers

Answer:

B (340)

Step-by-step explanation:

Create an exponential function that models this situation based on the time in secons in the video.

B(t)= __​

Answers

Answer:

B(t) = 2*[tex]2^{t}[/tex]

Step-by-step explanation:

You have all correct choices.

We can use the given values and work out the equation:

B(t) = [tex]ab^{t}[/tex]B(0) = 2 ⇒ a*b⁰ = 2 ⇒ a = 2B(1) = 4 ⇒ a*b¹ = 4  ⇒ 2b = 4 ⇒ b = 2

The function for this situation is:

B(t) = 2*[tex]2^{t}[/tex]

Answer:

2(2)^t

Step-by-step explanation:

PLATO

Using the following data, calculate the mean absolute deviation: 7 2 8 5 9 9 5 6 8 1 What is the mean absolute deviation for these data? (4 points)​

Answers

Answer:

The mean absolute deviation is 2. Hope this helps

Step-by-step explanation:

7+2+8+9+9+5+6+8+1=5.5

7-5.5=1.5

5.5-2=3.5

8-5.5=2.5

9-5.5=3.5

9-5.5=3.5

5.5-5=0.5

6-5.5=1.5

8-5.5 2.5

5.5-1=4.5

1.5+3.5+2.5+3.5+3.5+0.5+1.5+2.5+4.5=2

Answer is 2.

I hope this can help!

Have a nice day :)

~Amy

Solve for 0 Round your answer to the nearest tenth.
20
13
A =
degrees

Answers

Answer:

1.835

Step-by-step explanation:

use pythagoras theorem to find missing side

use sin to find missing angle

missing side/13 = 1.835

1 Which expression can be used to find the volume, in cubic centimeters, of the solid shown? Choose all that apply. 3 cm 4 cm 7 cm 5 cm 9 cm A (3 X 4 X 5) + (3 X 5 X 9) B (3 X 5 X 6) + (5 X 4 X 3) C (9 X 5 X 3) + (3 X 5 X 7) D (7 X 5 X 3) + (6 X 5 X 3) E (3 X4 X 7) + (6 X 5 X 4)​

Answers

Answer:

I think its D

Step-by-step explanation:

Which sign makes this number sentence true?

|-6| __ |6|
A. >
B. <
C. =
D.

Answers

Answer:

C. =

Step-by-step explanation:

whenever you have |  | It will always be positive so -6 turns to 6 and that makes it equal.

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