Question: A travel agency will plan a group tour for groups of size 25 or larger. If the group contains exactly 25 people, the cost is

A travel agency will plan a group tour for groups of size 25 or larger. If the group contains exactly 25 people, the cost is $300 per person. If each person's cost is reduced by $10 for each additional person above the 25, then the revenue is given by
R(x) = (25 + x) (300 - 10x)
where x is the number of additional people above 25. Find the marginal revenue if the group contains 30 people. Interpret your result.

Step by Step Solution

★★★★★

3.26 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Rx 25 x 300 10x 7500 50x ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1386-M-C-L-A-D(3876).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

A travel agency will plan a tour for groups of size 25 or larger. If the group contains exactly 25 people, the cost is $500 per person. However, each person's cost is reduced by $10 for each...

A travel agency collects data on the proportion of its customers who want to travel to popular destinations. Historically, the customer preferences have been as indicated in Exhibit 12.19. A random...

A travel agent is arranging a tour for the local 1000-member ski club. They need a minimum of 29 people to register and think that the probability of a member registering for the tour is .03....

A travel agency will plan a group tour for groups of size 20 or larger. If the group contains exactly 20 people, the cost is $2.30 per person. If each person's cost is reduced by $10 for each...

A travel agency will plan a group tour for groups of size 20 or larger. If the group contains exactly 20 people, the cost is $230 per person. If each person's cost is reduced by $10 for each...

34X 6. [-/5.55 Points] DETAILS HARMATHAP12 9.5.043. MY NOTES ASK YOUR TEAC A travel agency will plan a group tour for groups of size 20 or larger. If the group contains exactly 20 people, the cost is...

A travel agency will plan a group tour for groups of size 35 or larger. If the group contains exactly 35 people, the cost is $330 per person. If each person's cost is reduced by $10 for each...

i can't seem to figure this out, can someone show me step by step on how to get the answer. PLEASE! thank you 1.)Write the equation of the tangent line to the graph ofy= (9x 2 6x+2)(1 + 2x)atx=...

nus: A travel agency will plan tours for groups of 25 or larger. If the group contains exactly 25 people, the price is $ \$ 300 $ per person. The price per person is reduced by $ \$ 10 $ for each

1, Find the derivative and simplify. y = (9 x +4)( x 2 2 x ). 2,Write the equation of the tangent line to the graph of y = (8 x 2 6 x +1)(1 + 2 x ) at x = 1.Check the reasonableness of your answer by...

What frequencies found in RTK radios require licensure?

How do calculate interest payments on debt? 1 Instructions: Fill out the empty cells in the table. Follow the formulas in row H. 2 3 4 Sales growth 5 Current assets/Sales BASIC TEMPLATE PRO FORMA...

If Nancy opens a bank account and deposits $ 1 0 0 , 0 0 0 now. This bank account earns 9 % interest annually. How much money will Nancy have in this bank account after 3 5 years? ( Please assume...

1. Take an organization that you know well, such as a current or former employer, and apply the template in Compensation Notebook 2.2 to determine the most appropriate managerial strategy for that...

Suppose that in Exercise 9-73, the experimenter had believed that = 14. For each of the following sample sizes, and a fixed = 0.05, find the probability of a type II error if the true mean is 205...

The marketers of shampoo products know that customers like their product to have a lot of foam. A manufacturer of shampoo claims that the foam height of his product exceeds 200 millimeters. It is...

Suppose we wish to test the hypothesis H0: = 85 versus the alternative H1: > 85 where = 16. Suppose that the true mean is = 86 and that in the practical context of the problem this is not a departure...

help please 1. [14.08 Points] DETAILS BBUNDERSTAT12 8.1.011.MI. MY NOTES ASK YOUR TEACHER Suppose you want to test the claim that a population mean equals 32. (a) State the null hypothesis. 0 H : 11...

Bill Williams has opportunity to invest in project A that costs 5500 today and promises to pay annual cash flows of 2200, 2600,2600, 1900, 1800 over the next 5 years . Or bill can invest 5500 on...

Suppose you are given the following information. The beta of company i, bi , is 1.5, the risk-free rate, rRF , is 5 percent, and the expected market premium, rM?-rRF , is 5.5 percent. (Assume that...