5) Maximizing Revenue You are the marketing manager for LTCC Ski Area, from the previous experience, you know you can sell 3000 lift tickets per year at a price of $40. You estimate that for each $5 price increase you will sell 250 lift tickets less per year. Use your calculus skill, you will make a decision: a) what price should you charge and the number of lift tickets sold to maximize revenue, b) What's the maximum revenue per year?

5) Maximizing Revenue You are the marketing manager for LTCC Ski Area, from the previous experience, you know you can sell 3000 lift tickets per year at a price of $40. You estimate that for each $5 price increase you will sell 250 lift tickets less per year. Use your calculus skill, you will make a decision: a) what price should you charge and the number of lift tickets sold to maximize revenue, b) What's the maximum revenue per year?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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