Many times business will raise the prices of their goods

Mathematics

1 answer:

hjlf2 years ago

7 0

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.

Learn more in brainly.com/question/25313241

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Find the 7th term of the geometric sequence whose common ratio is 1/3 and whose first term is 5.

wolverine [178]

Answer:

$t_7 =\frac{5}{729}$

Step-by-step explanation:

We are given that:

First term (a) = 5

common ratio (r) = $\frac{1}{3}$

The nth term of a geometric sequence is given as:

$t_n =ar^{n-1} \\\therefore t_7 =5\times \bigg(\frac{1}{3}\bigg) ^{7-1} \\\therefore t_7 =5\times \bigg(\frac{1}{3}\bigg) ^{6} \\\therefore t_7 =5\times \bigg(\frac{1}{3}\bigg) ^{6} \\\therefore t_7 =5\times \frac{1}{729}\\\\\huge\red{\boxed{\therefore t_7 =\frac{5}{729} }}$