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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 Æ 50 $ ) ( 700 35000 = = − x x 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:...
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- Fall '08
- Calculus, Linear function, Tickets, Optimal ticket price