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19 July, 15:02

A football team plays in a large stadium. With a ticket price of $19 , the average attendance at recent games has been 50 comma 000. A market survey indicates that for each $1 increase in the ticket price, attendance decreases by 300. a. Express the number of spectators at a football game, N, as a function of the ticket price, x. b. Express the revenue from a football game, R, as a function of the ticket price, x.

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  1. 19 July, 17:38
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    Part 1: N (x) = 50,000 - 300 (x-19)

    Part 2: R (x) = -300x² + 55700x

    Step-by-step explanation:

    Given,

    The original price of each ticket = $ 19,

    The original attendance = 50,000

    Part 1:

    ∵ For the each $1 increase in the ticket price, attendance decreases by 300.

    Let x represents the price of each ticket after increment,

    Thus, if price increment = (x-19) dollars,

    New attendance, N (x) = 50,000 - 300 (x-19)

    Part 2:

    Since, revenue = price of each ticket * attendance

    Thus, the revenue from the football game,

    R (x) = x (50,000 - 300 (x-19))

    R (x) = 50000x - 300x² + 5700x

    ⇒ R (x) = -300x² + 55700x
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