An airline finds that if it prices a cross-country ticket at $400, 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 ticket=
An airline finds that if it prices a cross-country ticket at $400, 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 ticket=
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.4: Linear Programming
Problem 15E
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An airline finds that if it prices a cross-country ticket at $400, 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 ticket=
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