A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With...
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With the ticket price set at $14, average attendance at recent games has been 9500. A market survey indicates that for each dollar the ticket price is lowered, the average attendance increases by 1000. Find the ticket price that maximizes revenue from ticket sales. Recall that revenue is: ticket price x Attendance Enter the exact value of the ticket price. Answer An open-top box is to be made by cutting small congruent squares from the comers of a 12-in-by-12-in. sheet of tin and bending up the sides. How large should the squares cut from the coners be to make the box hold as much as possible? Enter the maximum volume of the box. Answer Suppose that the revenue r(z) 9r and the cost c(z) - -6r +15z where z represents millions of phones produced, Is there a production level that maximizes profit? If so, what is it? Maximum profit occurs at x milion of phones Round to three decimal places. At 0 wws ahin B is 6E omllee ..
A hockey team plays in an arena that has a seating capacity of 15,000 spectators. With the ticket price set at $14, average attendance at recent games has been 9500. A market survey indicates that for each dollar the ticket price is lowered, the average attendance increases by 1000. Find the ticket price that maximizes revenue from ticket sales. Recall that revenue is: ticket price x Attendance Enter the exact value of the ticket price. Answer An open-top box is to be made by cutting small congruent squares from the comers of a 12-in-by-12-in. sheet of tin and bending up the sides. How large should the squares cut from the coners be to make the box hold as much as possible? Enter the maximum volume of the box. Answer Suppose that the revenue r(z) 9r and the cost c(z) - -6r +15z where z represents millions of phones produced, Is there a production level that maximizes profit? If so, what is it? Maximum profit occurs at x milion of phones Round to three decimal places. At 0 wws ahin B is 6E omllee ..