Step-by-step explanation below
Answer:
the theater needs to sell at least 100 tickets
Step-by-step explanation:
wants to make at least $1000 and they already have $50, so you take the $9.50 per ticket and add that to the $50.
$1000=$9.50t+$50
1000/50=9.5t
950=9.5t
950/9.5=t
t=100
The price p based on the equation given is p = 3000 - 0.1x.
<h3>How to express the price?</h3>
The equation given in the question is x = 3000 - 10p. The price(p) will be:
x = 3000 - 10p.
Make p the subject of the formula
x + 10p = 3000
10p = 3000 - x
p = (3000 - x)/10
p = 3000 - 0.1x
The revenue will be price multiplied by quantity. This will be:
= (3000 - 0.1x) × x
= 3000x - 0.1x²
The marginal revenue will be calculated after differentiating. This will be:
= 3000x - 0.1x²
= 3000 - 0.2x
The demand which is the quantity based on the information will be:
3000 - 0.2x = 0
0.2x = 3000
x = 1500
Learn more about demand on:
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