The ticket price this year should be set at $44.00 per person.
In an effort to make the event more family friendly and increase the number of attendees, we’d like to lower the ticket price this year. An extremely informal survey amongst our friends has suggested that each time we lower the ticket price $1, an additional 5 people will attend.
Price Attendance Revenue
$44 150 $6600
$43 155 $6665
$42 160 $6720
$41 165 $6765
$40 170 $6800
$39 175 $6825
$38 180 $6840
I’d like to set up a function that gives the revenue for any ticket price. Since the function we’re looking for depends on price, we’ll let x equal the ticket price.
Ticket price x
Amount price is lowered 44-x
Increase in attendance 5(44-x)
Attendance
Revenue f(x) =
f(x) =
2007-07-18
11:05:03
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2 answers
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asked by
Anonymous
in
Business & Finance
➔ Other - Business & Finance