document.write( "Question 1116065: A movie theater is considering lowering ticket prices. If it lowers ticket prices by x dollars,
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document.write( "the expected revenue function per week is r(x)=-500(x-2.5)^+28,025. What decrease in
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document.write( "ticket prices will produce the maximum revenue for the theater? What is the maximum
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document.write( "revenue that is possible?\r
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document.write( "Thanks for your help. \n" );
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Algebra.Com's Answer #731052 by KMST(5328)![]() ![]() You can put this solution on YOUR website! The revenue function is \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "When you do not remember \"formulas\" \n" ); document.write( "and other calculation tricks and problem-solving recipes taught in class, \n" ); document.write( "using your own brain may work, if a little slower. \n" ); document.write( " \n" ); document.write( "You do not need to have been awake during the classes about quadratic functions to know that \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "You should also realize that the only way to have \n" ); document.write( "is to have \n" ); document.write( "which means \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So, if (and only if) \n" ); document.write( "the movie theater lowers ticket prices by \n" ); document.write( "they can expect the maximum predicted revenue of \n" ); document.write( " \n" ); document.write( "NOTE: Quadratic functions graph as parabolas, \n" ); document.write( "with a maximum (if the coefficient of the squared term is negative), \n" ); document.write( "or a minimum (if that coefficient is positive). \n" ); document.write( "They can be found in the form \n" ); document.write( " \n" ); document.write( "Where a,b,c,h, and k are constants, \n" ); document.write( "but it must be \n" ); document.write( "You can also find them in any other equivalent form that your teacher could choose. \n" ); document.write( "It will be up to you to recognize what you are dealing with. \n" ); document.write( "If your teacher is merciful, the function will look like \n" ); document.write( "and as explained at the top \n" ); document.write( "the \n" ); document.write( "and that maximum or minimum value of the function will be \n" ); document.write( "If the quadratic function appears in the form \n" ); document.write( "you could transform it to the equivalent, but more useful form, \n" ); document.write( "or you could remember that the maximum or minimum happens for' \n" ); document.write( " \n" ); document.write( " |