Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 4,500 hamburgers on game night. When the price was raised to $3.00, hamburger sales...

Extracted text: Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 4,500 hamburgers on game night. When the price was raised to $3.00, hamburger sales dropped off to an average of 4,000 per night. The concessionaire's fixed costs were $7,405.30 per night and the variable cost was $0.54 per hamburger. Answer the following questions (A) through (F). 7,000 7,000 7,000 7,000 Find the break-even points. The break-even points are (Simplify your answer. Type an ordered pair. Use a comma to separate answers as needed.) (E) Find the profit function in terms of x. P(x) = (Simplify your answer.) (F) Evaluate the marginal profit at x = 4920 and interpret the results. The marginal profit at x = 4920 is $ Interpret the marginal profit. (Simplify your answer) O A. At a production level of 4920 hamburgers, the profit is increasing at a rate of $ per hamburger. O B. At a production level of 4920 hamburgers, the profit is decreasing at a rate of S per hamburger.


Extracted text: Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 4,500 hamburgers on game night. WWhen the price was raised to $3.00, hamburger sales dropped off to an averag of 4,000 per night. The concessionaire's fixed costs were $7,405.30 per night and the variable cost was $0.54 per hamburger. Answer the following questions (A) through (F). (A) Assume that the relationship between price p and demand x is linear. Express p as a function of x and find the domain of this function. ..... (Simplify your answer.) The domain of p is (Type a compound inequality.) (B) Find the revenue function in terms of x and state its domain. R(x) = (Simplify your answer.) The domain of R(x) is (Type a compound inequality.) (C) Assume that the cost function is linear. Express the cost function in terms of x. C(x) = (Simplify your answer.) (D) Graph the cost function and the revenue function in the same coordinate system. Choose the correct graph below. O A. B. OC. O D. ARC 12,500- ARC 12.500- ARC 12.500- ARC 12.500- 0- 7,000 0- 0- 7,000 7.000 0- 7.000