Answered step by step
Verified Expert Solution
Question
1 Approved Answer
( a ) A cruise line offers a trip for $ 2 0 0 0 per passenger. If at least 1 0 0 passengers sign
a A cruise line offers a trip for $ per passenger. If at least passengers sign up the price is reduced for all the passengers by $ for every additional passenger beyond who goes on the trip. The boat can accommodate passengers. What number of passengers maximizes the cruise line's total revenue? What price does each passenger pay then?
The number of passengers that maximizes the cruise line's total revenue is
The price the passengers pay is $
b The cost to the cruise line for passengers is What is the maximum profit that the cruise line can make on one trip? How many passengers must sign up for the maximum to be reached and what price will each pay?
The maximum profit that the cruise line can make on one trip is $
The number of passengers that must sign up for the maximum to be reached is and each passenger mi
i
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started