Raymond B. answered 06/20/25
Math, microeconomics or criminal justice
P(p) P(1324) = 11,328, P(1529) = 13,275.50
P(x) = 0 what is x? x=number of patrons that has zero profit, the break even point
each patron added profit = (13275.5-11328)/(1529-1324) = 19/2 = 9.5 = slope of the linear relation. Each patron adds $9.50 in revenue over cost
P=9.5p +b in slope intercept form, y=mx+b with b=y intercept
P(1324) = 9.5(1324) +b = 11,328
b = 11328 - 9.5(1324) = 11,328-12578= -1250
Profit = 9.5p -1250 =0
9.5p = 1250
p = 1250/9.5 = 2500/19 = about 131.58 patrons
break even point is between 131 and 132 patrons
= about 132 patrons rounded up to nearest integer