A synthetic event model predicts n(p)=120−4p tickets sold at price p dollars per ticket, for 0≤p≤30. Revenue is price multiplied by ticket count, not the sum of those quantities. A fixed event cost is 180 dollars and each sold ticket adds 2 dollars of service cost. Decide whether maximizing revenue necessarily maximizes profit.
This is a continuous planning model, so fractional predicted sales may represent a mean forecast rather than literal fractional attendees. If prices must be whole dollars, that is a separate domain restriction. The linear demand relationship is assumed, not established by these calculations.
Predict
At p=10, predict sales, revenue, cost and profit before checking the table. Which quantities are measured in dollars and which in tickets? Explain why adding price directly to ticket count is meaningless here. Then predict whether reducing attendance can ever increase profit when it also reduces service cost.
Experiment
Solid curve: revenue. Dashed curve: profit. Both are exact quadratic model arcs on 0≤p≤30; they use the same axes. Their vertices need not occur at the same price.
Price p, dollars/ticket
Tickets n(p)
Revenue R(p), dollars
Cost C(p), dollars
Profit P(p), dollars
0
120
0
420
−420
10
80
800
340
460
15
60
900
300
600
16
56
896
292
604
30
0
0
180
−180
Read both peak locations from the supplied graph, then verify their coordinates by rewriting the functions. The table supplies exact model values, not measured event outcomes. The shared vertical scale lets you compare dollars without comparing unrelated panel heights.
Understand
Revenue is the product R(p)=p·n(p)=120p−4p²=4p(30−p). The factored form reveals zero revenue at prices 0 and 30. Completing the square gives R(p)=900−4(p−15)², so its maximum on the stated domain is 900 dollars at p=15. The squared term is nonnegative, and the vertex input lies in the domain; both facts are needed for this conclusion.
Cost is a sum of meaningful components: C(p)=180+2n(p)=420−8p. The coefficient 2 carries dollars-per-ticket units; multiplying it by ticket count produces dollars compatible with the fixed cost. Profit subtracts functions with the same output units: P(p)=R(p)−C(p)=−4p²+128p−420=604−4(p−16)². Its maximum is 604 dollars at p=16. Maximizing revenue instead gives 600 dollars profit at p=15, so the objectives differ even in this simple model.
To require profit at least 500 dollars, solve 604−4(p−16)²≥500. This is equivalent to (p−16)²≤26, or 16−√26≤p≤16+√26. The interval is approximately [10.90,21.10], already inside [0,30]. If only integer-dollar prices are permitted, the qualifying prices are 11 through 21 inclusive. Round an endpoint only after determining the exact inequality; simply rounding a continuous optimum does not solve every discrete constraint problem.
The algebraic formula also exists for p>30, but then its sales prediction becomes negative. Those inputs are excluded from this contextual model. Likewise, negative profit means modeled revenue is below cost, not that a negative number of tickets was sold. A graph needs quantity labels and a domain before its sign or intercepts can be interpreted.
Apply
Build a similar model with changed demand and costs in practice. Write the component functions first, explain whether to add, subtract or multiply, and verify units before expanding. Report both continuous mathematical conclusions and any discrete purchasing or pricing decision. A supported coordinate description may replace a drawing, but must include the relevant vertices, intercepts, range and domain.
For a different quadratic context, a rectangle with side lengths x and 12−x has area x(12−x)=36−(x−6)². Proper rectangles require 0<x<12; the endpoint zero areas belong only to a model allowing degenerate rectangles. The same algebra has a different interpretation and different units.
Continue
Factored form exposes zeros, while vertex form exposes extrema; neither is universally the best representation. Combining functions requires meaningful quantities and a common input domain. These tasks develop F-IF.C.8a and F-BF.A.1 actions without claiming that a hypothetical demand curve has been validated or that this short unit is complete course preparation.
Apply · explain · revise
Practice and reasoning
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A synthetic event has n(p)=150−5p expected ticket sales for 0≤p≤30. Fixed cost is 100 dollars and variable cost is 4 dollars per ticket. What continuous price p maximizes modeled profit?
Integers, fractions and finite decimals are accepted. Expressions such as sqrt(2) are not parsed by this checker.
For n(p)=150−5p, fixed cost 100 dollars and variable cost 4 dollars per ticket, what is modeled profit at p=10?
Integers, fractions and finite decimals are accepted. Expressions such as sqrt(2) are not parsed by this checker.
For the new event n(p)=150−5p on [0,30], with fixed cost 100 dollars and 4 dollars per ticket, construct revenue, cost and profit functions with units. Compare the revenue-maximizing and profit-maximizing prices and their profits.
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For P(p)=745−5(p−17)² on 0≤p≤30, find every continuous price giving profit at least 700 dollars. If only integer-dollar prices are allowed, list them. Explain why the exact inequality should be solved before rounding.
Structure your argument and preserve revisions
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Each field allows 2,000 characters. Keep a specific claim, state where it applies, cite the facts you use, and explain what still needs checking. Blank fields are allowed and are not evidence of mastery.
A proper rectangle has perimeter 28 m and one side x m. Construct its area function and graph description, using factored and vertex forms. State the contextual domain, zero-area interpretation and maximum.
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Each field allows 2,000 characters. Keep a specific claim, state where it applies, cite the facts you use, and explain what still needs checking. Blank fields are allowed and are not evidence of mastery.
Using the supplied revenue/profit graph for n(p)=120−4p, explain why price 15 maximizes revenue but not profit. Then critique continuing that model to p=40 and calling the resulting negative sales a valid prediction. What evidence would a real pricing decision require?
Structure your argument and preserve revisions
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Each field allows 2,000 characters. Keep a specific claim, state where it applies, cite the facts you use, and explain what still needs checking. Blank fields are allowed and are not evidence of mastery.
Reflect and continue
Before marking this lesson complete, explain one key idea without the worked solution and identify a condition that matters. Marking complete records participation, not independent mastery.