An average of people visit Riverside Park each day in the summer. The park charges$15.00 for admission. Consultants predict that for each $1.00 increase in the entrance price, the park would lose an average of 2500 customers per day . Express the daily revenue from ticker sales as a function the number of $1.00 price increases. What ticket price maximizes the revenue form ticket sales?
2007-04-09 17:33:21 · 2 answers · asked by cnt 1 in Science & Mathematics ➔ Mathematics
oh sorry my bad....average of 50000 people
2007-04-09 17:44:12 · update #1
I think you forgot to tell us how many people on average.. we need more info
Revenue = ticket price (times) number of tickets
Let x = $1 increase
Rev = ($15.00 + x) (AVG - 2500x)
plug in your number to AVG
2007-04-09 17:40:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Check your problem. I believe you need a starting figure for the average visitors/day paying $15
2007-04-10 00:49:44 · answer #2 · answered by cattbarf 7 · 0⤊ 0⤋