Part D)

Over all profit is computed as

Profit=(total Revenue)-(Total Cost)

From part B and C the formulas for both total revenue and cost in terms of the same input variable(x=ticket price).Find a simplified formula for P(x)= the profit function for the event as a function of the input variable x= ticket price.

P(x)=_______________ . The break even point is where TOTAL REVENUE= TOTAL COST(or when Profit=$0).Use equations and algebra to determine the lowest ticket price that will produce a break even point.(showing all supporting work).

The first break even point will occure when the ticket price=$______

using the formula for profit find

the maximum profit possible=__________

Ticket price that will generate this max profit=__________

estimated number of attendees that will need to produce max profit=_____.