Answer:
R = $2,120
Ticket price = $11
Step-by-step explanation:
Finding revenue when t = 10 :
- R = -6(10)² + 132(10) + 1440
- R = 1400 + 1320 - 600
- R = 2720 - 600
- [tex]\fbox {Revenue = 2,120 dollars}[/tex]
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.
