The demand for tickets to an amusement park is given by p= 70 – 0.02q, where p is the price of a ticket in dollars and q is the number of people attending at that price. - (a) What price generates an attendance of 3000 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ generates an attendance of 3000 people and total revenue of $ When the price is $20 the total revenue is $ (b) Write the revenue function as a function of attendance, q, at the amusement park. R(q) : (c) What attendance maximizes revenue?
The demand for tickets to an amusement park is given by p= 70 – 0.02q, where p is the price of a ticket in dollars and q is the number of people attending at that price. - (a) What price generates an attendance of 3000 people? What is the total revenue at that price? What is the total revenue if the price is $20? A price of $ generates an attendance of 3000 people and total revenue of $ When the price is $20 the total revenue is $ (b) Write the revenue function as a function of attendance, q, at the amusement park. R(q) : (c) What attendance maximizes revenue?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.1: Techniques For Finding Derivatives
Problem 64E: Dogs Human Age From the data printed in the following table from the Minneapolis Star Tribune on...
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