Maximizing profit Suppose a tour guide has a bus that holds amaximum of 100 people. Assume his profit (in dollars) for taking npeople on a city tour is P(n) = n(50 - 0.5n) - 100. (Although Pis defined only for positive integers, treat it as a continuous function.)a. How many people should the guide take on a tour to maximizethe profit?b. Suppose the bus holds a maximum of 45 people. How manypeople should be taken on a tour to maximize the profit?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.5: Rational Functions
Problem 51E
icon
Related questions
Topic Video
Question

Maximizing profit Suppose a tour guide has a bus that holds a
maximum of 100 people. Assume his profit (in dollars) for taking n
people on a city tour is P(n) = n(50 - 0.5n) - 100. (Although P
is defined only for positive integers, treat it as a continuous function.)
a. How many people should the guide take on a tour to maximize
the profit?
b. Suppose the bus holds a maximum of 45 people. How many
people should be taken on a tour to maximize the profit?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning