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ra1l [238]
3 years ago
6

The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $450 per person per day if exactly 20 people s

ign up for the cruise. However, if more than 20 people (up to the maximum capacity of 90) sign up for the cruise, then each fare is reduced by $4 per day for each additional passenger. Assume at least 20 people sign up for the cruise, and let x denote the number of passengers above 20.
(a) Find a function R giving the revenue per day realized from the charter. R(x) =
(b) What is the revenue per day if 60 people sign up for the cruise?
(c) What is the revenue per day if 79 people sign up for the cruise?
Business
1 answer:
larisa86 [58]3 years ago
7 0

Answer:

The answers are:

A) the revenue function is:

Revenue = X * [450 - 4(X - 20)]            

where X = total amount of passengers

B) The revenue for 60 passengers is $17,400

60 * [450 - 4(60 - 20)]

60 * (450 - 160)

60 * 290 = $17,400

C) The revenue for 79 passengers is $16,906

79 * [450 - 4(79 - 20)]

79 * (450 - 236)

79 * 214 = $16,906

   

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Brrunno [24]

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Let plug in the formula

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Therefore the expected return on a portfolio is 7.78%

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3 0
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7 0
1 year ago
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lawyer [7]

Answer:

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