Question
An amusement park charges $8 admission and average of 2000 visitors per day. A survey shows that , for each $1 increase in the admission cost, 100 fewer people would visit the park.
Write an equation to express the revenue, R(x) dollars, in terms of a price increase of x dollars
Find the coordinates of the maximum point of this function
What admission cost gives the maximum revenue?
How many visitors give the maximum revenue?
Write an equation to express the revenue, R(x) dollars, in terms of a price increase of x dollars
Find the coordinates of the maximum point of this function
What admission cost gives the maximum revenue?
How many visitors give the maximum revenue?
Answers
R(x) = (8+x)(2000-100x)
So, that is just a parabola, with its vertex (maximum revenue) at x=6
Now you can answer the other questions.
So, that is just a parabola, with its vertex (maximum revenue) at x=6
Now you can answer the other questions.
knlknl
y=4x+8
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