Saturday
August 2, 2014

Homework Help: Math

Posted by Savannah on Wednesday, September 5, 2012 at 6:52pm.

1)The break-even point is the ticket price for which the event's income will equal expenses. Another way to think of the break even point is the ticket price when profit is $0. The equations given in an earlier problem were: P=((4000-25X)x)-7500
I=((4000-25x)x)
S=4000-25x
S=ticket price
x=tickets sold
a. Write and solve an equation that can be used to find the break-even ticket price for this particular planned concert.
b. Write and solve an inequality that can be used to find ticket prices for which the planned concert will make a positive profit.
c. Write and solve an inequality that can be used to find ticket prices for which the planned concert will lose money.
2)What similarities and differences do you see in tables, graphs, and rules of the function relating number of tickets sold, income, and profit to proposed ticket prices?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - The revenue function for a production by a theater group is R(t)= -50t^2+...
MSU - Shirts Unlimited operates a chain of shirt stores that carry many styles ...
Accounting - Shirts Unlimited operates a chain of shirt stores that carry many ...
accounting - Mia Enterprises sells a product for $90 per unit. The variable cost...
accounting - using the break-even equations to solve for price and variable cost...
eco - 2. It has been estimated that the price elasticity of demand for ...
management accounting - Andre has a hair styling business and he has five ...
math - The Houston Chronicle on January 13, 2007 reported on Texans' ticket ...
Accounting - When finding the break even point, I know that total fixed costs/...
Business Finance - Break Even Analysis.. consider the following income ...

Search
Members