Mathematics, 14.04.2020 23:44 JammedBanjo58

Community Theater Performance Task
A community theater currently sells 200 season tickets at $50 each.
In order to increase its season-ticket revenue, the theater surveys its season ticket holders to see if they
would be willing to pay more.
The survey finds that for every $5 increase in the price of a season ticket, the theater would lose 10
season-ticket holders. What action, if any, should the theater owner take to increase revenue?

a. Let n be the number of $5 price increases in the cost of a season ticket. Write an expression for the
cost of a season ticket after n price increases, and an expression for the number of season-ticket
holders after n price increases.

b. Use the expressions from part a to create a revenue function, R (n), from the survey information.

c. Graph the revenue function. Be sure to label the axes with the quantities they represent and indicate
the axis scales by showing numbers for some grid lines.

d. Write a brief paragraph describing what actions the theater owner should take to maximize revenue."
Include what happens to the number of season-ticket holders as well as the season-ticket prices.

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