An airline finds that if it prices a cross-country ticket at $500, it will sell 100 tickets per day. It estimates that each $10 price reduction will result in 50 more tickets sold per day. Find the ticket price (and the number of tickets sold) that will maximize the airline's revenue. Ticket price $_____ Number of tickets____
An airline finds that if it prices a cross-country ticket at $500, it will sell 100 tickets per day. It estimates that each $10 price reduction will result in 50 more tickets sold per day. Find the ticket price (and the number of tickets sold) that will maximize the airline's revenue. Ticket price $_____ Number of tickets____
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 80E: Selling concert tickets Tickets for a concert are cheaper when purchased in quantity. The first 100...
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An airline finds that if it prices a cross-country ticket at $500, it will sell 100 tickets per day. It estimates that each $10 price reduction will result in 50 more tickets sold per day. Find the ticket price (and the number of tickets sold) that will maximize the airline's revenue.
Ticket price $_____
Number of tickets____
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