document.write( "Question 1024931: A hockey team plays in an arena that has a seating capacity of
\n" ); document.write( "15,000 spectators. With the ticket price set at $50, average attendance
\n" ); document.write( "at recent games has been 10500. A market survey indicates that for
\n" ); document.write( "each dollar the ticket price is lowered, the average attendance increases
\n" ); document.write( "by 100.
\n" ); document.write( "(a) Find a function that models the revenue in terms of ticket price.
\n" ); document.write( "(b) Which attendance will give the maximum revenue? Justify your
\n" ); document.write( "answer
\n" ); document.write( "I did ticket=x
\n" ); document.write( "amount price is lowered: 50-x
\n" ); document.write( "increase in attendence=100(50-x)
\n" ); document.write( "attendance: 10500+100(50-x)=15500-100x
\n" ); document.write( "revenue=ticket price*attendemce
\n" ); document.write( "R(x)=x(15500-100x)=15500-100x^2
\n" ); document.write( "i am not sure how to do the second part all i know is if i use x=-b/2a i can find ticket price that maximizes revenue however they are asking for attendance which maximizes revenue. Thanks a lot for your time!
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Algebra.Com's Answer #640297 by JoelSchwartz(130)\"\" \"About 
You can put this solution on YOUR website!
x=the number of times that the ticket price is reduced by one dollar
\n" ); document.write( "y=the price of each ticket
\n" ); document.write( "y=50-x
\n" ); document.write( "z=the number of people attending the game
\n" ); document.write( "z=10,500+100x
\n" ); document.write( "y*z=the total revenue for that game
\n" ); document.write( "y*z=(50-x)(10,500+100x)
\n" ); document.write( "the maximum revenue for one game is when the attendance is 10,500 people.
\n" ); document.write( "The reason why is that the ticket price goes down when there are more people attending the game.
\n" ); document.write( "50*10,500=525,000
\n" ); document.write( "49*10,600=519,400
\n" ); document.write( "48*10,700=513,600
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