9. The following table displays the Revenue in thousands for each $1 change in price for a particular item. The data are quadratic. | $1 change in price |-5- 61-71-8-_al Revenue (in thousands) 27.3 28.5 28.9 28.5 27.3 9 a. What is the maximum revenue? How much of a change in price results in this maximum revenue? 1pt b. Use the vertex form of a quadratic curve to come up with a formula R revenue (in thousands) for x dollars change in price. 3pts c. How much does the price have to change in order for the revenue to be 25 thousand? Round answer(s) to the nearest cent. 4pts

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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9. The following table displays the Revenue in thousands for each $1 change in price
for a particular item. The data are quadratic.
| $1 change in price |-5- 61-71-8-_al
Revenue (in thousands) 27.3 28.5 28.9 28.5 27.3
9
a. What is the maximum revenue? How much of a change in price results in this
maximum revenue? 1pt
b. Use the vertex form of a quadratic curve to come up with a formula R
revenue (in thousands) for x dollars change in price. 3pts
c. How much does the price have to change in order for the revenue to be 25
thousand? Round answer(s) to the nearest cent. 4pts
Transcribed Image Text:9. The following table displays the Revenue in thousands for each $1 change in price for a particular item. The data are quadratic. | $1 change in price |-5- 61-71-8-_al Revenue (in thousands) 27.3 28.5 28.9 28.5 27.3 9 a. What is the maximum revenue? How much of a change in price results in this maximum revenue? 1pt b. Use the vertex form of a quadratic curve to come up with a formula R revenue (in thousands) for x dollars change in price. 3pts c. How much does the price have to change in order for the revenue to be 25 thousand? Round answer(s) to the nearest cent. 4pts
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