Mathematics, 06.09.2019 23:30 HectorSP2
You have just opened a new nightclub, russ' techno pitstop, but are unsure of how high to set the cover charge (entrance fee). one week you charged $9 per guest and averaged 165 guests per night. the next week you charged $10 per guest and averaged 150 guests per night.
(a) find a linear demand equation showing the number of guests q per night as a function of the cover charge p. q(p) =
(b) find the nightly revenue r as a function of the cover charge p. r(p) =
(c) the club will provide two free non-alcoholic drinks for each guest, costing the club $2 per head. in addition, the nightly overheads (rent, salaries, dancers, dj, etc.) amount to $1,000. find the cost c as a function of the cover charge p. c(p) =
(d) now find the profit in terms of the cover charge p. p(p) =
determine the entrance fee you should charge for a maximum profit. p = $ per guest.
Answers: 3
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You have just opened a new nightclub, russ' techno pitstop, but are unsure of how high to set the co...
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