SOLUTION: Suppose that a of students decided to organize a local concert to raise awareness and funds for the tibetan struggle, and that planning for the concert led to this information:
-T
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Question 675773: Suppose that a of students decided to organize a local concert to raise awareness and funds for the tibetan struggle, and that planning for the concert led to this information:
-The relationship between number of tickets sold (s) and ticket price (x) in dollars can be approximated by the linear function s=4,000-250x
-Expenses for promoting and operating the concert will include $1,000 for advertising, $3,000 for pavilion rental, $1,500 for security, and $2,000 for catering and event T-shirts for volunteer staff and band members.
a. Find a function that can be used to predict income (I) for any ticket price(x)
b.Find a function that can be used to predict profit (P) for any ticket price (x)
PLEEEAAAAASEEEE HEEEELLLLLPPP MEEEEEEE!!!!!!!I'M DESPERATE
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Income disregards money that is going out. It's only about
money coming in.
is NUMBER os tickets sold as a function of the
price of a single ticket.
The quantity is INCOME from total ticket sales
----------------------
Profit = income minus costs
----------------------
Don't get desperate. Just think over the
basics of price, quantity produced, income, and profit
It takes practice.
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