Question
An airline finds that if it prices a cross-country ticket at$200, it will sell300tickets per day. It estimates that each$10price reduction will result in30more tickets
An airline finds that if it prices a cross-country ticket at$200, it will sell300tickets per day. It estimates that each$10price reduction will result in30more tickets sold per day. Find the ticket price (and the number of tickets sold) that will maximize the airline's revenue.
ticket price$?
number of tickets?
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Statistical Techniques in Business and Economics
Authors: Douglas A. Lind, William G Marchal
17th edition
1259666360, 978-1259666360
