Question

Please help with this.

Answer 1

R = $2,120

Ticket price = $11

Explanation:

Finding revenue when t = 10 :

• R = -6(10)² + 132(10) + 1440
• R = 1400 + 1320 - 600
• R = 2720 - 600
• 
  `\fbox {Revenue = 2,120 dollars}`

The vertex of the graph will have the maximum revenue.

• Vertex = (h, k)
• h = -b/2a
• h = -132/2(-6)
• h = 132/12
• h = 11

Hence, the revenue is maximum when the ticket price is $11.