Airline Revenue An airline has two classes of service: first class and coach. Management's experience has been that each aircraft should have at least 8 but no more than 16 first- class seats and at least 80 but no more than 120 coach seats
(a) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(b) If management decides that the ratio of first-class seats to coach seats should never exceed , with how many of each type of seat should an aircraft be configured to maximize revenue?
(c) If you were management, what would you do?
[Hint: Assume that the airline charges for a coach seat and for a first-class seat; .]
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
Student's Solutions Manual for Precalculus Enhanced with Graphing Utilites
Additional Math Textbook Solutions
Precalculus (10th Edition)
Calculus: Early Transcendentals (2nd Edition)
Calculus & Its Applications (14th Edition)
University Calculus: Early Transcendentals (3rd Edition)
Calculus and Its Applications (11th Edition)
- Manufacturing Calculators A manufacturer of calculators produces two models; standard and scientific. Long-term demand for the two models mandates that the company manufacture at least 100 standard and 80 scientific calculators each day. However, because of limitations on production capacity, no more than 200 standard and 170 scientific calculators can be made daily. To satisfy a shipping contract, A total of at least 200 calculators must be shipped every day. (a) If the production cost is $5 for a standard calculator and $7 for a scientific one, how many of each model should be produced daily to minimize this cost? (b) Id each standard calculator results in a $2 loss but each but each scientific one produces a $5 profit, how many of each model should daily to maximize profit?arrow_forwardManufacturing Calculators A manufacturer of calculators produces two models: standard and scientific. Long-term demand for the two models mandates that the company manufacture at least 100 standard and 80 scientific calculators each day. However, because of limitations on production capacity, no more than 200 standard and 170 scientific calculators can be made daily. To satisfy a shopping contract, a total of at least 200 calculators must be shipped very day. aIf the production cost is 5 for a standard calculator and 7 for a scientific one, how many of each model should be produced daily to minimize this cost. bIf each standard calculator results in a 2 loss but each scientific one produces a 5 profit, how many of each model should be made easily to maximize profit.arrow_forward
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning