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Optimal Chapter-Flight Fare If exactly 188 people sign up for a charter flight, Leisure World Travel Agency charges $298/person. However, if more than 188 people
Optimal Chapter-Flight Fare If exactly 188 people sign up for a charter flight, Leisure World Travel Agency charges $298/person. However, if more than 188 people sign up for the flight (assume this is the case), then each fare is reduced by $1 for each additional person. Determine how many passengers will result in a maximum revenue for the travel agency. Hint: Letx denote the number of passengers above 188. Show that the revenue function R is given by R(x) = (188 + x)(298 x). passengers What is the maximum revenue? $ What would be the fare per passenger in this case? dol la rs per passenger
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