Question 1 (20 points) wnbe sold Fo ery st increase lin arcen.cer tvenut has det

Question

Question 1 (20 points) wnbe sold Fo ery st increase lin arcen.cer tvenut has determined when tickets are priced at sso, total o 10 tickets increased. Determine a formula for the price (p), quantity (g), and revenue (R), all in terms of x. present the number ti d revenue (R), all in terms ofe of times the price is O p (z) = 50 + z q (z) = 1000 + 10z R (z_ (50 + z) (1000 + 102) p(2)=50x q(x)= 10,000z R(z)=(502) (10,0002) p(z) 50-10z q(z)=1000 + x R(x)-( p (2)-50 + 10" q (x) = 1000-z R (z) = (50 + 102) (1000-z) 50- 10x) (1000+) ,, p (x) = 50+ z q (2) = 1000-10a: R (z) = (50 + 2) (1000-10r) Save Page 1 of 5 Next Page 0

Explanation / Answer

price

p_initial = $50

p_new = p_initial + x

p(x) = 50+x

Quatity

q_initial = 1000

q_new = q_initial - 10x

q(x) = 1000 - 10x

Revenue

Revenue = Price X Quantity

R(x) = (50+x) (1000-10x)

So 5th option (e) is the correct answer.

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