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Increase - Applied Calculus - Quiz, Exercises of Calculus

Aliah UniversityCalculus

Main points of this past exam are: Increase, Sell Tickets, Exciting, Price Results, Maximum Revenue, Seating, Capacity

Typology: Exercises

2012/2013

Uploaded on 03/31/2013

lakshmicunt
lakshmicunt 🇮🇳

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Prof. S. Brick Math 120
Summer ’03 Applied Calculus; Quiz 8 section 21
0. Print your name:
1. You sell tickets for an exciting math lecture (wow!!). If you charge $40 you sell 1000
tickets. Each dollar increase in price results in 50 fewer sales. What price results in
maximum revenue ?
2. Suppose in problem #1, the seating capacity is only 1250. What price should you
charge ? Why ?
3. Graph a typical cost function which has some fixed costs and has variable costs that
start out high, gradually get lower as efficiency improves and then get higher again as
efficient production capacity is exceeded. How is average cost represented on the graph ?

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Prof. S. Brick Math 120

Summer ’03 Applied Calculus; Quiz 8 section 21

  1. Print your name:
  2. You sell tickets for an exciting math lecture (wow!!). If you charge $40 you sell 1000 tickets. Each dollar increase in price results in 50 fewer sales. What price results in maximum revenue?
  3. Suppose in problem #1, the seating capacity is only 1250. What price should you charge? Why?
  4. Graph a typical cost function which has some fixed costs and has variable costs that start out high, gradually get lower as efficiency improves and then get higher again as efficient production capacity is exceeded. How is average cost represented on the graph?