document.write( "Question 888785: A movie theatre can accommodate a maximum of 450 moviegoers per day. The theatre operators have determined that the profit per day, P, is related to the ticket price t, by P= -30t^2 + 450t -790 .\r
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document.write( "a) what ticket price will maximize the daily profit?\r
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document.write( "b) what ticket price will allow them to break-even (profit will be zero)?\r
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document.write( "For a) I completed the square and converted the quadratic equation in to vertex form because ''k'' will represent the maximum daily profit. I got 7.5 as an answer. I am unsure whether it is correct.\r
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document.write( "for b I calculated the x intercepts using the quadratic formula and got 2.03 and 12.97. I am not sure whether this is correct either.\r
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document.write( "Thanks \n" );
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Algebra.Com's Answer #537693 by lwsshak3(11628) ![]() You can put this solution on YOUR website! A movie theatre can accommodate a maximum of 450 moviegoers per day. The theatre operators have determined that the profit per day, P, is related to the ticket price t, by P= -30t^2 + 450t -790 . \n" ); document.write( "a) what ticket price will maximize the daily profit? \n" ); document.write( "b) what ticket price will allow them to break-even (profit will be zero)? \n" ); document.write( "*** \n" ); document.write( "P= -30t^2 + 450t -790 \n" ); document.write( "P=-30(t^2-15t+7.5^2)+30*7.5^2-790 \n" ); document.write( "P=-30(t-7.5)^2+897.5 \n" ); document.write( "This is an equation of a parabola that opens down wit vertex at (7.5,897.5) \n" ); document.write( "a) what ticket price will maximize the daily profit? $7.50 \n" ); document.write( ".. \n" ); document.write( "0= -30t^2 + 450t -790 \n" ); document.write( " -30t^2 + 450t -790=0 \n" ); document.write( "-3t+45t-79=0 \n" ); document.write( "solve for t by quadratic formula: \n" ); document.write( " \n" ); document.write( "a=-3, b=45, c=-79 \n" ); document.write( "ans: \n" ); document.write( "t=12.97 \n" ); document.write( "or \n" ); document.write( "t=2.03 \n" ); document.write( "b) what ticket price will allow them to break-even (profit will be zero)? $2.03 and $12.97 \n" ); document.write( "congratulations! you got the same answers I got \n" ); document.write( " |