This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: This is what you want to maximize, so let a=700, b=35000, so 25 $ 1400 35000 2 = = a b So the optimal ticket price is x=$25. (#1c) Using your model from part a, set s(x)=0 50 $ ) ( 700 35000 = = x x http://www.math.uri.edu/~bkaskosz/flashmo/fungraph/ As you can see, at x=25, the function has maximum value. Theoretically at x=50, no one would attend, and at x=0 you could sell 35,000 tickets but since price=0, revenue=0 #2:...
View
Full
Document
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
 WEY

Click to edit the document details