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One item is filed under this topic.
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Maximize revenue |
2007-03-08 |
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From San:
A movie theatre sells tickets for $8.50 each. The manager is considering raising the prices but knows that for every 50 cents the price is raised, 20 fewer people go to the movies. The equation R= -40c^2+84c describes the relationship between the cost of the tickets, c dollars, and the amount of revenue, R dollars, that the theatre makes. What price should the theatre charge to maximize revenue? This question comes from my gr.11 corresponding study homework and I not yet solve it. Please help! Thank you, I will appreciate your help.
Answered by Stephen La Rocque. |
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