Answer
given,
opera house ticket = $50
attendance = 4000 persons
now,
opera house ticket = $52
attendance = 3800 person
assuming these are the points on the demand curve
(x, p) = (4000,50) and (x,p) = (3800,52)
using point slope formula
R(x) = x . p
at
x = 4500
hence at x =4500 the revenue is maximum
for maximum revenue ticket price will be
p = $45
Answer:
The number of complete award announcements possible are 19,554,575,040.
Step-by-step explanation:
Combination is the number of ways to select <em>k</em> items from <em>n</em> distinct items when the order of selection does not matters.
Whereas permutation is the number of ways to select <em>k</em> item from <em>n</em> items when order of selection matters.
The number of people entering this year is 22.
The number of ways to select 5 people for Grand Prize is, .
The remaining number of people is, 22 - 5 = 17.
It is provided that the other 5 are selected according to an order.
The number of ways to select other 5 winners is,
The total number of ways to select 10 winners of 22 is:
Total number of ways = 26334 × 742560 = 19,554,575,040.