Question 2 of 15. Step 1 of 1

Mathematics

1 answer:

azamat2 years ago

3 0

9514 1404 393

Answer:

A = -68.75p +2906.25

Step-by-step explanation:

We can solve for m and b using the given values of A and p.

1600 = m·19 +b

2150 = m·11 +b

Subtracting the second equation from the first, we have ...

-550 = 8m

m = -550/8 = -68.75

Substituting this into the first equation gives ...

1600 = 19·(-68.75) +b

b = 1600 +1306.25 = 2906.25

The desired linear equation is ...

A = -68.75p +2906.25

Additional comment

Revenue will be maximized at the price that cuts attendance to half the value when the price is 0, about $21.14.

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