Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Charter Revenue The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $512lpersonfday if exactly 20 people sign up for

image text in transcribed
image text in transcribed
Charter Revenue The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $512lpersonfday if exactly 20 people sign up for the cruise. However, if more than 20 people sign up (up to the maximum capacity of 100) for the cruise, then each fare is reduced by $4 for each additional passenger. Assuming at least 20 people sign up for the cruise, determine how many passengers will result in the maximum revenue for the owner of the yacht. What Is the maximum revenue? is C] What would be the fare/passenger in this case? {Round your answer to the nearest dollar.) S dollars per passenger Need Help? 4- [12 Points] D ETAI LS TANAPCALC1 0 4.5.02. MY NOTES P RACTI C E AN 0TH ER Prot of a Vineyard Phillip, the proprietor of a vineyard, estimates that the rst 9200 bottles of wine produced this season will fetch a prot of $7 per bottle. However, the prot from each bottle beyond 9200 drops by $00003 for each additional bottle sold. Assuming at least 9200 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.) $:] What would be the prot/bottle in this case? {Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.) $ i: Need Help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Linear Programming With Applications

Authors: Bernard Kolman, Robert E Beck

2nd Edition

0080530796, 9780080530796

More Books

Students also viewed these Mathematics questions