When a baseball park owner charges $3.00 for admission, there is an average attendance of 100 people. For every $0.10 increase in the admission price, there is a loss of 2 customers from the average number.
1. What admission price should be charged in order to maximize revenue?2. What is the maximum revenue?

Answers

Answer 1

Answer:

$1

max rev = 80(4) = $320

Step-by-step explanation:

let us do this in pennies  

R = (100 - x/5)(300 + x)

d/dr = -2x - 200

               5

(-2x-200)/5 = 0  

-2x = 200

x = 100

           

Answer 2

An amount of $320 is the admission price that should be charged in order to maximize revenue.

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Now, Let x represent the revenue function.

Hence, We can formulate;

x = (3 + 0.1(x))(100 - 2x)

x = 300 - 6x + 10x - 0.2x²

x = 300 + 4x- 0.2x²

x' = 4 - 0.4x

Generally, a maximum revenue occurs when x' = 0:

x' = 4 - 0.4x = 0

4 = 0.4x

x = 4 / 0.4

x = 10

Hence, The admission price,

= 3 + 0.1x

= 3 + 0.1 x 10

= 3 + 1

= $4

Thus, The Maximum revenue is,

= $4 (100 - (10 x 2)

= $4 (100 - 20)

= $4 x 80

= $320

In conclusion, the amount of $320 is the admission price that should be charged in order to maximize revenue.

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Related Questions

The U.S. Federal Seed Act establishes germination rates for various fruit and vegetable seeds. Watermelon seeds are to meet a 70% germination standard. A skeptical gardener who has not had very good luck planting watermelons believes that the seed company he purchases seeds from is not adhering to the 70% federal mandate. Once a week for 12 weeks, he purchases a pack of 10 watermelon seeds to act as his sample. He plants the seeds in a greenhouse with good soil to maintain a consistent temperature and watering routine. He finds that the germination rate for the company's watermelon seeds is 55%. Compute a 98% confidence interval to estimate the proportion of watermelon seeds that germinate. Be sure to interpret your interval in the context of the problem.

Answers

Answer:

The 98% confidence interval to estimate the proportion of watermelon seeds that germinate is (0.4443, 0.6557). This means that we are 98% sure that the true proportion of all watermalong seeds of the company that germinate is between these two values, which means that there is good evidence that the proportion is below the 70% standard.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the z-score that has a p-value of [tex]1 - \frac{\alpha}{2}[/tex].

Once a week for 12 weeks, he purchases a pack of 10 watermelon seeds to act as his sample. He plants the seeds in a greenhouse with good soil to maintain a consistent temperature and watering routine. He finds that the germination rate for the company's watermelon seeds is 55%.

This means that [tex]n = 12*10 = 120, \pi = 0.55[/tex]

98% confidence level

So [tex]\alpha = 0.02[/tex], z is the value of Z that has a p-value of [tex]1 - \frac{0.02}{2} = 0.99[/tex], so [tex]Z = 2.327[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.55 - 2.327\sqrt{\frac{0.55*0.45}{120}} = 0.4443[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.55 + 2.327\sqrt{\frac{0.55*0.45}{120}} = 0.6557[/tex]

The 98% confidence interval to estimate the proportion of watermelon seeds that germinate is (0.4443, 0.6557). This means that we are 98% sure that the true proportion of all watermalong seeds of the company that germinate is between these two values, which means that there is good evidence that the proportion is below the 70% standard.

i need the answer of this with steps and solutions fast plz​

Answers

Answer:

[tex] 1 \dfrac{13}{15} [/tex]

Step-by-step explanation:

[tex] 2 \dfrac{1}{5} - \dfrac{1}{3} = [/tex]

[tex] = \dfrac{11}{5} - \dfrac{1}{3} [/tex]

[tex] = \dfrac{33}{15} - \dfrac{5}{15} [/tex]

[tex] = \dfrac{28}{15} [/tex]

[tex] = 1 \dfrac{13}{15} [/tex]

Q. A board that measures feet long is cut into 6 equal pieces. What is the length of each piece?
A. 1} inches
B. 3 inches
C. 3 inches
D. 9 inches

Answers

QUESTION :- . A board that measures feet long is cut into 6 equal pieces. What is the length of each piece?

A. 1 inches

B. 3 inches

C. 2 inches

D. 9 inches

ANSWER:- 1 FEET -->12 INCH

ATQ ->

1 FEET IS divided into 6 parts so

1 feet = 12 inches

[tex] \frac{1}{6} feet = \frac{12}{6} inches \\ \frac{1}{6} feet = 2 inches [/tex]

so each part will be equal to 2 inches

1 ft = 12 in

12 inch can be devided into 6 equal parts resulting in 2 inches each.

I guess you mistyped either B or C..

hope it helps

kind regards

Alex

Triangles A B C and D E F are shown. Triangle A B C is rotated to the left about point A and then is shifted up and to the right to form triangle D E F. What are the rigid transformations that will map △ABC to △DEF? Translate vertex A to vertex D, and then reflect △ABC across the line containing AC. Translate vertex B to vertex D, and then rotate △ABC around point B to align the sides and angles. Translate vertex B to vertex D, and then reflect △ABC across the line containing AC. Translate vertex A to vertex D, and then rotate △ABC around point A to align the sides and angles.

Answers

Answer:

The answer is D. Translate vertex A to Vertex D, and then rotate triangleABC around point A to align the sides and angles

Translating vertex A to vertex D, and then rotate △ABC around point A to align the sides and angles will bring about a rigid transformation, the correct answer is D.

What are Rigid transformation?

The transformations that preserves the Euclidean distance between points. This could be as a result of the any transformation.

Triangle ABC and DEF is shown,

Triangle A B C is rotated to the left about point A and then is shifted up and to the right to form triangle D E F.

To map ΔABC to ΔDEF , the  vertex A will be translated to vertex D, and then the triangle is rotated around point A.

This will maintain the distance between the points when vertex A to D.

To know more about Rigid transformation

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WILL MARL BRAINLIEST IF YOU HELP

Answers

Answer:

C.

Step-by-step explanation:

In a triangle, the sum of the lengths of any two sides must be greater than the length of the third side.

A.

9 + 9 = 18

18 < 22

No triangle

B.

7 + 3 = 10

10 = 10

No triangle

C.

5 + 6 = 11 and 11 > 9  good

5 + 9 = 14 and 14 > 6  good

9 + 6 = 15 and 15 > 5  good

There is a triangle.

Answer: C.

Plot the image of point B under a reflection across line m

Answers

Answer:

Step-by-step explanation:

If a point (x, y) is reflected across a line, image of the point will be at the same distance from the line as the original point is.

In fact line of reflection works like a mirror.

In the figure attached,

Distance of point B from the line 'm' = 6 units

Therefore, distance of the image point B' from line 'm' = 6 units (on opposite side of the line of reflection)

Evaluate the expression for x=1 and y=9
3x+y=

Answers

3+9 = 12…………………………gdss goodnigh

Answer:

12

Step-by-step explanation:

x = 1 and y = 9 so 3x1 + 9 = 12 as 3 x 1 is 3 and adding 9 to it will give 12

please help me please​

Answers

Answer:

30,000

Step-by-step explanation:

Which of the folloing pairs consists of equivalent fractions? .4/6 and 3/5 or 9/16 and 3/32 or 18/48 and 15/40 or 7/10 and 10/7

Answers

Answer:

18/48 and 15/40

Step-by-step explanation:

18/48 = 3/8

15/40 = 3/8

•°• 18/48 is equivalent to 15/40

A giant cube-shaped die measures 20 cm on a side. Find the volume of the die.​

Answers

Answer:

8,000 cm cubed

Step-by-step explanation:

Volume of a cube = length x width x height

All sides on a cube are the same length

If one is 20 cm, all are.

20x20x20=8,000.

according to a salad recipe each serving requires 4 teaspoons of vegetable oil and 12 teaspoons of vinegar. if 14 teaspoons of vegetable oil were used how many teaspoons of vinegar should be used

Answers

Answer:

42 teaspoons of vinegar should be used

Step-by-step explanation:

This question is solved by proportions, using a rule of three.

4 teaspoons of vegetable oil and 12 teaspoons of vinegar. 14 teaspoons of vegetable oil were used

So

4 teaspoons of vegetable oil - 12 teaspoons of vinegar

14 teaspoons of vegetable oil - x teaspoons of vinegar

So

[tex]4x = 12*14[/tex]

Dividing both sides by 4:

[tex]x = 3*14 = 42[/tex]

42 teaspoons of vinegar should be used

A grapefruit is 8% heavier than an orange, and an apple is 10% lighter than the
orange.
By what percentage is the grapefruit heavier than the apple?
pls answer

Answers

Grapefruit=108

Orange=100

Apple=90

a) (108-90)/90*100 = 18/90*100=20%

b) (108-90)/108= 18/108*100=16 2/3%

Answer:

The grapefruit is 20% heavier than the orange:)

Step-by-step explanation:

Let the weight of orange be x.

This means that the weight of grapefruit is:

       1.08x

( Since grapefruit is: 8% heavier than orange )

Also, the weight of apple is 10% lighter than apple.

This means that the weight of apple is: 0.90 x

Hellllllllllp! Someone help

Answers

Answer:

4. (2, 3)

5. (0, 1)

7. (-1, 2)

Step-by-step explanation:

I hope this helps! Have a nice dayy! :)

You're very close. Choices D and E are two of the three answers. The third answer is choice G (-1,2)

In short, the 3 answers are Choices D, E and G

If you plug the coordinates of the points into the inequality, you should get a true statement.

For instance, let's try the coordinates of choice G

[tex]-2x + 3y\ge 3\\\\-2(-1) + 3(2)\ge 3\\\\2 + 6\ge 3\\\\8\ge 3\\\\[/tex]

Which is true since 8 is indeed greater than 3. That verifies point G is a solution point. A similar story happens with points D and E as well.

----------

If you tried something like choice A, then,

[tex]-2x + 3y\ge 3\\\\-2*(2) + 3(-3)\ge 3\\\\-4 - 9\ge 3\\\\-13\ge 3\\\\[/tex]

Which is false because -13 is not greater than 3, and -13 is not equal to 3 either. So choice A is a non-answer. You should find that choices B, C, and F are also non-answers.

----------

The graph is below. Notice how points D, E and G are either in the blue shaded region or on the boundary. The boundary line is solid (due to the "or equal to" as part of the inequality sign), so points on the solid boundary line are part of the solution set. The graph is a quick way to visually confirm the answers. I used GeoGebra to make the graph.

So that's why the 3 answers are D, E and G.

Find the GCF of 20 and 95 Using the Euclidean Algorithm. Check your work by using the prime factorization method.

Answers

Answer:

5

Step-by-step explanation:

To start, you use the formula a/b=c, in which a is bigger than b. In this case, that's 95/20=c. The greatest common factor is 5.

I need help with this problem

Answers

Answer:

x = 21, y = 40

Step-by-step explanation:

The angle above (7x - 13) is (2x + 4 ) ← alternate angle

(7x - 13) and (2x + 4) are adjacent angles and sum to 180° , then

7x - 13 + 2x + 4 = 180

9x - 9 = 180 ( add 9 to both sides )

9x = 189 ( divide both sides by 9 )

x = 21

Then

2x + 4 = 2(21) + 4 = 42 + 4 = 46

(2x + 4) and (3y + 14) are adjacent angles and sum to 180° , so

46 + 3y + 14 = 180

60 + 3y = 180 ( subtract 60 from both sides )

3y = 120 ( divide both sides by 3 )

y = 40

a)Loss is denoted by a negative integer and profit is denoted by a positive integer. A
cement company earns a profit of ₹ 10 per bag of white cement and a loss of ₹ 5 per
bag of grey cement. The company sells 325 bags of white cement and 500 bags of
grey cement. What is its profit or loss?

Answers

Answer:

There was a profit of ₹750.

Step-by-step explanation:

325 bags of white cement

Profit of 10 for each bag of white cement. So

[tex]P = 325*10 = 3250[/tex]

500 bags of grey cement.

Loss of 5 for each bag of grey cement. So

[tex]L = 5*500 = 2500[/tex]

What is its profit or loss?

3250 - 2500 = 750

Positive, so profit. There was a profit of ₹750.

Karen purchased 3 gallons of yellow paint and 4 gallons on blue paint from the hardware store. The total cost was $105. Yellow
paint and blue paint sell for the same price per gallon. Which THREE statements are correct?

Answers

Answer:

In order to answer this properly, I would need to see the choices. However, I can tell you that:

-Each gallon of paint cost $15

-Karen spent $45 on yellow paint

-Karen spent $60 on blue paint

Step-by-step explanation:

Karen bought a total of 7 cans of paint, all the same price.

105/7=15.

15*3=45 (yellow paint)

15*3=60 (blue paint)

Hope this helps.

In triangle XYZ, m∠Z > m∠X + m∠Y. Which must be true about △XYZ?

m∠X + m∠Z < 90°
m∠Y > 90°
∠X and∠Y are complementary
m∠X + m∠Y < 90°

Answers

X + Y < 90

X + Y + Z = 180
Z > X + Y so Z > 90

Answer:

M < X + M < Y  < 90

Step-by-step explanation:

What is the domain of the relation {(-3,-8) (-2,9) (1,-1) (5,3)}

Answers

Domain = x-components

Therefore,Domain = {-3,-2,1,5}

Answer:

Domain = x-components

Therefore, Domain = {-3,-2,1,5}

Step-by-step explanation:

The triangle has area of 72cm^2 and base of 18cm find the perpendicular height of the triangle​

Answers

Answer:

The height is 8 cm

Step-by-step explanation:

The area of a triangle is

A = 1/2 bh

72 = 1/2 (18)h

72 = 9h

Divide each side by 9

72/9 = 9h/9

8 = h

The height is 8 cm

Answer:

8cm

Step-by-step explanation:

let y represent height

Area of a triangle=½base×height=72cm²

72cm²=½×18cm×y

72cm²=9cmy

72cm²/9cm=9cmy/9cm

8cm=y

Write each rate as a fraction in lowest terms
15 feet in 20 seconds
feet/sec

Answers

Answer:

3/4 ft / second

Step-by-step explanation:

15 ft / 20 seconds

Divide the top and bottom by 5

3/4 ft / second

Answer:

[tex] \frac{3}{4} [/tex]ft/sec

Step-by-step explanation:

[tex] \frac{feet}{sec} = \frac{15}{20} [/tex]

[tex] \frac{15}{20} \frac{ \div 5}{ \div 5} = \frac{3}{4} [/tex]

Find the volume. Help please it’s due tomorrow

Answers

Answer:

2cm

Step-by-step explanation:

vbjufdxcvhjjkknvxzdhjkbcxdf

Which equation is equivalent to 2x^2-24x-14=0

Answers

Answer:

Step-by-step explanation:

I don't know what the answer is if I am not given choices, but here is one possibility.

2(x^2 - 12x - 7)

You could factor what is inside the brackets.

2(x - 12.557) (x + 0.557)

Answer:

Step-by-step explanation:

since it is in the form of quadration equation , we can use quadratic formula . In quadratic equation we get the two values of x . one will be positive and another will be negative.

Find the value of x?

Answers

Answer:

X=2.

Step-by-step explanation:

3 times 2 is equal to 6, and 4 times 2 is equal to 8, 6+8=14.

a) The hypotenuse of a right angled triangle is 15 cm. Taking the
perpendicular sides as x , y write the relation connecting the sides ?
b) If the area is 30 cm² find the length of its perpendicular sides ?

Answers

a) By Pythagoras theorem , h^2 is = a^2 + b^2 where a is the hypotenuse and a and b are the legs.

=) 15^2 = x^2 + y^2

That is the relation

b) area of triangle = 1/2 x height x base

=) 1/2 * x * y = 30

=) xy = 15cm

What is the value of log Subscript 5 Baseline 125?

Answers

Answer:

[tex]log_5 \ 125 = 3[/tex]

Step-by-step explanation:

[tex]log_5 \ 125 = log_2 \ 5^3 = 3 \times log_5 \ 5 = 3 \times 1 = 3[/tex]

The value of [tex]$\log _{5} 125$[/tex] can be estimated utilizing the logarithm rule. The value of [tex]$\log _{5} 125$[/tex] exists 3.

What is a logarithm?

The logarithm stands for the inverse function of exponentiation. In logarithm base must be raised to yield a given number for an exponent.

Given:

[tex]$\log _{5} 125$[/tex]

Estimate the value of the given logarithm, we get

[tex]$\log _{5} 125=\log _{5}(5)^{3}$[/tex]

[tex]$\log _{5} 125=3 \log _{5} 5$[/tex]

From logarithm rule [tex]$\log m^{n}=n \log m$[/tex], we get

[tex]$\log _{5} 125=3 \times 1$[/tex]

[tex]$\log _{5} 125=3$[/tex]

Therefore, the value of [tex]$\log _{5} 125$[/tex] is 3.

To learn more about logarithm

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sketch a graph of f(x) = 2 + x​

Answers

Answer:

i don't have any paper by me but it would be the line starting on 2 on the Y axis (line that goes up and down) and then going diagonal by one square (essentially up one unit and right one unit)

Step-by-step explanation:

2+x is basically x+2

since x is by itself in slope form is represents 1/1 as a fraction, and in slope form 2 represents the Y axis

did my best to explain sorry hope this helped!!

MP of an article is $1400. Find the SP of that article in cents if the shopkeeper adds 13% VAT after allowing 45% discount. (100 cents =$1)​

Answers

Answer:

87,010 cents is the SP.

Step-by-step explanation:

MP = $1400

VAT = 13%

Discount = 45%

so,

discount amount = 45% of MP

= 45% of $1400

= 45/100 * $1400

= 9/20 * $1400

= 9* $70

= $630

so,

MP - discount amount

= $1400 - $630

= $770(SP)

so,

VAT amount = 13% of SP

= 13% of $770

= 13/100 * $770

= $100.1

so,

SP + VAT

= $770 + $100.1

= $870.1

so,

$1 = 100 cents

$870.1 = 100*870.1

= 87,010 cents

An automobile dealer conducted a test to determine if the time in minutes needed to complete a minor engine tune-up depends on whether a computerized engine analyzer or an electronic analyzer is used. Because tune-up time varies among compact, intermediate, and full-sized cars, the three types of cars were used as blocks in the experiment. The data obtained follow.:

Car
Compact Intermediate Full Size
Analyzer Computerized 50 55 63
Electronic 42 44 46

The following regression model can be used to analyze the data for a randomized block design involving two treatments and three blocks.

E(y) = 0 + 1x1 + 2x^2 + 3x^3
Show the values of the variables below.

Analyzer x1
Computerized __________
Electronic 1

Answers

Answer:

the value of the variable is 10



3. Write the ones digit in the square of each of the following numbers
a.13
b. 27
c.46
d.20
e.75
f.31
g.42
h.64
i.38
j.79

Answers

Answer:

a.9

b.9

c.6

d.0

e.5

f. 1

g.4

h.6

i.4

j.1

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