Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The ticket price must be kept at $7.5 to maximise revenue generated from the selling of tickets.
What is a Function?
A function assigns the value of each element of one set to the other specific element of another set.
The cost of a ticket is represented by c, while the number of people who will attend the party is given by the formula (75-5c). Therefore, the total revenue that will be generated from the sale of the tickets is,
Revenue, (R) = c × (75 - 5c) = 75c - 5c²
Now, to know the maximum of the income, we must differentiate the function and then put it against 0. Therefore, the differentiation of the function will be,
[tex]\dfrac{dR}{dc} = 75-10c[/tex]
Now, if we substitute the value of the differentiated function with 0.
[tex]75-10c=0\\\\-10c =-75\\\\c = 7.5[/tex]
Hence, the ticket price must be kept at $7.5 to maximise revenue generated from the selling of tickets.
Learn more about Function:
https://brainly.com/question/5245372
#SPJ1
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
I need help with piecewise functions. How to find the domain and range and how to write it notation.
