document.write( "Question 446766: An amusement park has been charging $12 per person for admission and averaging 1000 patrons per day. the directors of the park are considering a $2 increase in the price for next season . They have calculated that for each $2 in increase they will probably lose 100 patrons per day. What should be the ideal admission fee for the greatest income on an average day . Write an equation to model the situation and draw a graph of the situation to justify your answer.\r
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document.write( "So I got the ideal price to be $16
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document.write( "The equation is what i'm not sure of , I got (x-16)^2= p(y-12800) Not sure on how to find P , Also not sure if the equation is correct \n" );
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Algebra.Com's Answer #307796 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! An amusement park has been charging $12 per person for admission and averaging 1000 patrons per day. \n" ); document.write( " the directors of the park are considering a $2 increase in the price for next season . \n" ); document.write( " They have calculated that for each $2 in increase they will probably lose 100 patrons per day. \n" ); document.write( " What should be the ideal admission fee for the greatest income on an average day \n" ); document.write( " . Write an equation to model the situation and draw a graph of the situation to justify your answer. \n" ); document.write( ": \n" ); document.write( "I think you are right, but I would do it this way. \n" ); document.write( ": \n" ); document.write( "Let x = no. of $2 increases and no. of 100 patron decreases \n" ); document.write( ": \n" ); document.write( "Income = price * no. patrons \n" ); document.write( "f(x) = (12+2x)*(1000-100x) \n" ); document.write( "Foil \n" ); document.write( "f(x) = 12000 - 1200x + 2000x - 200x^2 \n" ); document.write( "A quadratic equation \n" ); document.write( "f(x) = -200x^2 + 800x + 12000, is the equation \n" ); document.write( ": \n" ); document.write( "The greatest income occurs when x = the axis of symmetry, x = -b/(2a) \n" ); document.write( "x = \n" ); document.write( "x = +2 \n" ); document.write( "Therefore max income when \n" ); document.write( "12+2(2) = $16 is the price (which you got) \n" ); document.write( "then \n" ); document.write( "1000 - 2(100) = 800 patrons at that price \n" ); document.write( "Max income \n" ); document.write( "16 * 800 = $12,800 \n" ); document.write( ": \n" ); document.write( "To graph this \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "You can confirm this, substitute 2 in the equation to find f(x) = 12,800 \n" ); document.write( " |