The organisers of a sporting event know that, on average, 50 000 people will visit the venue
e...
Mathematics, 15.10.2019 22:00 alupton4887
The organisers of a sporting event know that, on average, 50 000 people will visit the venue
each day. they are presently charging $15.00 for an admission ticket. each time in the past
when they have raised the admission price an average of 2500 fewer people have come to the
venue for each $1.00 increase in ticket price. let x represent the number of $1.00 increases.
a write the rule for a function which gives the revenue, r, in terms of x.
b sketch the graph of r against x.
c find the price which will maximise the revenue.
Answers: 3
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