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Unformatted text preview: b) Using your function from part a, generate a function r(x) that shows the REVENUE generated for a given ticket price x (i.e. the price * # tickets sold) c) Finally, find the ticket price that maximizes revenue, using your function r(x) from part b. Be careful – you want the optimal ticket price, not number of tickets. d) According to your model, at what price would attendance THEORETICALLY go to zero? (obviously this model would break down at extreme values for x) #2 (6 points) A graph of f(x) is given to the left. Sketch the graph of ) 1 ( 2 ) (-⋅ = x f x g Assume that the entire function f(x) is shown in the given graph and that all bolded points are on integer values....
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This note was uploaded on 03/08/2009 for the course 640 115 taught by Professor Wey during the Fall '08 term at Rutgers.
- Fall '08