The price that will maximize profit is $ 5.50.
Since an auditorium has seats for 1200 people, and for the past several days, the auditorium has been filled to capacity for each show, and tickets currently cost $ 5.00 and the owner wants to increase the ticket prices, and he estimates that for each $ 0.50 increase in price, 100 fewer people will attend, to determine which is the price that will maximize profit, the following calculation must be made:
- 1200 x 5 = 6000
- 1100 x 5.5 = 6050
- 1000 x 6 = 6000
Therefore, the price that will maximize profit is $ 5.50.
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Answer:
m is slope
Step-by-step explanation:
y = mx + b is the equation of a line in slope- intercept form
where m is the slope and b the y- intercept
Answer: 1,296,000 inches
Step-by-step explanation:
Step 1: 100 yards to feet, is 300 feet, considering that 1 yard = 3 feet.
Step 2: 300 feet to inches is 3600, because one foot = 12 inches.
Step 3: 30 feet to inches is 360, because 30 x 12 = 360.
Step 4: 3600 x 360 = 1,296,000 inches.
Yes because it has 4 sides
Answer:Quantitative data
Step-by-step explanation:
