Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

webassignmet 6 (Dill-ES Nil Section 4.5 Math 14306 Fall 2022, section M02, Fall 2022 I WebAssign TANAPCALCBR10 4.5.019. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER

image text in transcribed
image text in transcribed
webassignmet 6 (Dill-ES Nil Section 4.5 Math 14306 Fall 2022, section M02, Fall 2022 I WebAssign TANAPCALCBR10 4.5.019. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER I Optimal Chapter-Flight Fare h_ h . If exactly 180 people sign up for a charter flight, Leisure World Travel Agency charges $298/person. However, if more than 180 people sign up for the ight (assume t IS Is t e case), then each fare [5 reduced by $1 for each additional person. Determine how many passengers will result in a maximum revenue for the travel agency. Hint: Let x denote the number of passengers above 180. Show that the revenue function R is given by R(x) = (180 + X)(298 x). a. [11.42 Points] passengers What is the maximum revenue? $ What would be the fare per passenger in this case? dollars per passenger Need Help? H mum g 7- [I1 .48 Points] TANAPCALCBR'IO 4.5.021. ASK YOUR TEACH ER PRACTICE ANOTHER Charter Revenue The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $752/person/day 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 $8 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. passengers What is the maximum revenue? $ . , What would be the fare/passenger in this case? (Round your answer to the nearest dollar.) dollars per passenger 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

Step: 3

blur-text-image

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

Measure And Integration A First Course

Authors: M Thamban Nair

1st Edition

1000739872, 9781000739879

More Books

Students also viewed these Mathematics questions

Question

Identify the three main goals of promotions.

Answered: 1 week ago

Question

Outline the elements of the promotions mix.

Answered: 1 week ago