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Profit Functions

Last updated over 4 years ago
12 questions
1

Select the correct equation:

1

Which point on the graph represents the maximum profit for a profit function?

1

Which point(s) on the graph represents the break even point for a profit function?

1

The break even point is when:
(select all that apply)

1

Suppose a high school football team wants to earn money for new uniforms by selling tickets to the homecoming dance. They can calculate the income from ticket sales (I) based upon ticket price (p) using the equation:
The expenses (advertising, decorations, food, etc.) can be calculated using the equation:
Use the income and expense equations to write the equation that would represent the profit in this situation. Use the formula P = I - E
(Write your equation in standard form and start with y = )

1

Use the desmos graphing calculator to graph your profit function from #5. How much should they sell the tickets for to maximize profit?

1

Suppose a high school cheerleaders want to earn money for a competition in Florida by selling tickets to the winter ball. They can calculate the income from ticket sales (I) based upon ticket price (p) using the equation:
. The expenses (advertising, decorations, food, etc.) can be calculated using the equation:
Use the income and expense equations to write the equation that would represent the profit in this situation. Use the formula P = I - E
(Write your equation in standard form and start with y = )

1

Use the desmos graphing calculator to graph your profit function from #7. How much should they sell the tickets for to maximize profit?

1

Using the graph on the previous problem, determine the break even points. Type in the two ordered pairs. example: (1,0) and (2,0)

1

Suppose a concert promoter makes money selling concert tickets. He can calculate the income from concert (I) based upon ticket price (p) using the equation:


The expenses (security, lighting, etc.) can be calculated using the equation:

Use the income and expense equations to write the equation that would represent the profit in this situation. Use the formula P = I - E
(Write your equation in standard form and start with y = )

1

Use the desmos graphing calculator to graph your profit function from #9. How much should they sell the tickets for to maximize profit?

1

Using the graph on the previous problem, determine the break even points. Type in the two ordered pairs. example: (1,0) and (2,0)