Question: explain the writing assignment step by step. state all steps in words. File Tools View Writing Assignment . Saved to this PC . X Writing

explain the writing assignment step by step. state all steps in words.

File Tools View Writing Assignment . Saved to this PC . X Writing Assignment Q=1200+25(11) Q=1475 Passholder Let P= Optimal Price Q= Expected Number of Passholder Substitute value of P & Q to (1) R= Total Revenue R= (590) (1475) X=Number of Decrease with price R=$870,250 R=PQ (1) P=700-10x (2 ) So, Q=1200+25x. (3) Optimal Price (P)=$590 Number of Passholder (Q)= 1475 passholder R=(700-10x) (1200+25x) Revenue (R)= $870,250 =840000+17500x-12000x-250x^2 R=840000+5500x-250x^2 End of document Xvoptimal= -b/2a =-5500/2(-250) =11 Substitute x optimal =11 to (2) and (3) P=700-10(11) P=$590 Screens 1-2 of 2 FOCUS

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