A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 4 years ago
a movie theater has been charging $10 per person and selling about 500 tickets on a typical weeknight. After surveying their customers, the theater estimates that for every 50 cents that they lower the price, the number of moviegoers will increase by 50 per night. Find the demand function and calculate the comsumer surplus when the tickets are $8.
anonymous
 4 years ago
a movie theater has been charging $10 per person and selling about 500 tickets on a typical weeknight. After surveying their customers, the theater estimates that for every 50 cents that they lower the price, the number of moviegoers will increase by 50 per night. Find the demand function and calculate the comsumer surplus when the tickets are $8.

This Question is Open

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0\[(10x)(500+100x) = 5000+500 x100 x^2\] So this one is constructed so that you put in the lowering in price and gets the amount of money you make. For example then the price is 8$ the lowering from the original price is 2 so you put 2 into the equation and you get : \[5000+500*(2)100*(2)^2 = 5600\]
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.