Question 128·Medium·Nonlinear Functions
A concert promoter sets the ticket price at dollars. The number of tickets that can be sold at that price is modeled by , where . The revenue, in dollars, from ticket sales is given by the function
Which of the following is the best interpretation of the factor in this context?
For function-interpretation questions, first match each symbol to its real-world meaning using the definitions given in the problem. Then interpret products like as “(something) times (something else)” and decide what each factor represents: if you recognize one factor (like price), the other must be the remaining part of the standard formula (like quantity). Always avoid choosing answers that describe the whole function when the question asks about just one factor.
Hints
Use the first equation
Look at the equation . What real-world quantity is represented by there?
Connect the two equations
The same expression appears in both the definition of and the revenue function . It should represent the same thing in both places.
Think about how revenue is calculated
Revenue from ticket sales is calculated using two quantities multiplied together. One is the ticket price. What is the other?
Match each factor in the product
In , you know is the ticket price. So consider what must be so that gives a revenue.
Desmos Guide
Enter the given relationships
In Desmos, type n = 800 - 10p on one line and R(p) = p(800 - 10p) on another line. This lets you see that the same expression, 800 - 10p, appears in both equations.
Relate the factors to the context
Note that in , the factor p is already defined in the problem as the ticket price. In Desmos, you can create a slider for p to see how changing the price changes n and R(p), and think about what 800 - 10p must represent so that p * (800 - 10p) gives a revenue amount.
Step-by-step Explanation
Match the expressions to the definitions given
The problem tells you that the number of tickets that can be sold at price is modeled by
So, in words, the expression is exactly the same thing as in this context.
Interpret the revenue function
Revenue is defined as
Revenue from ticket sales is always
- (ticket price) (number of tickets sold).
Here, is already defined as the ticket price, so you know one factor represents the price.
Identify what the other factor must represent
Since is price times quantity, and is the price per ticket, the other factor, , must represent the quantity part of the product, which is the number of tickets sold.