On a certain route, an airline carries 6000 passengers per month, each paying $40. A market...
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On a certain route, an airline carries 6000 passengers per month, each paying $40. A market survey indicates that for each $1 increase in the ticket price, the airline will lose 100 passengers. Find the ticket price that will maximize the airline's monthly revenue for the route. What is the maximum monthly revenue? The ticket price that maximizes the monthly revenue is $ The maximum monthly revenue is $ On a certain route, an airline carries 6000 passengers per month, each paying $40. A market survey indicates that for each $1 increase in the ticket price, the airline will lose 100 passengers. Find the ticket price that will maximize the airline's monthly revenue for the route. What is the maximum monthly revenue? The ticket price that maximizes the monthly revenue is $ The maximum monthly revenue is $
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The airline carries G Ooo bassengers ber month earh baying 4... View the full answer
Related Book For
Statistics The Art and Science of Learning from Data
ISBN: 978-0321755940
3rd edition
Authors: Alan Agresti, Christine A. Franklin
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