Question 1 (20 points) Combining Functions Question 1: A concert venue has deter

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Question 1 (20 points) Combining Functions Question 1: A concert venue has determined when tickets are priced at $40, a total of 700 tickets will b sold. For every $1 increase in price, 10 fewer tickets will be sold. Let x represent the number of times the price is increased. Determine a formula for the price (p), quantity (q), and revenue (R), all in terms of x. p (x) = 40-10r O p (x) = 40x 0 p (x) = 40 + 10x q (x) = 700-x O p (x) = 40 + x q (x) = 700 + 10x q (x) 700 + x R (x) = (40-10) (700 + x) q (x) = 7000x R (x) = (40) (7000) R (x) = (40 + 10) (700-x) R (x) (40 + x) (700 + 10) R (x) = (40 + x) (700-10) p (x) = 40 + x q (x) = 700-10x Save Previous Page Next Page Page 1 of 5

Explanation / Answer

last option is the right answer

price is increasing 40+x

quantity of selling is reduced by 10tickets as price increased so q(x)= 700-10x

revenue function is nothing but product of price and quantity

r(x)= (40+x)*(700-10x)

please rate my answer thank you

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