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Lena [83]
3 years ago
12

A cruise line offers a trip for dollar-sign 1800 per passenger. If at least 100 passengers sign up, the price is reduced for all

the passengers by dollar-sign Baseline 10 for every additional passenger (beyond 100) who goes on the trip. The boat can accommodate 250 passengers. What number of passengers maximizes the cruise line’s total revenue? What price does each passenger pay then?
Business
1 answer:
erik [133]3 years ago
4 0

Answer:

(a) 140

(b) $1,400

Explanation:

Price of the trip = $1,800 per person

The boat can accommodate 250 passengers.

Since the price of the ticket is reduced by $10 per person if at least 100 passengers sign up.

P(n) = n{1,800 - (n - 100)10}

      = n{1,800 - 10n + 1000

P(n) = 2,800n - 10n^{2}

We have to maximize P(n) = 800n - 10n^{2}

subject to 0≤ n ≤250

P'(n) = 2,800 - 20n

P"(n) = -20

For critical points, solve the equation P'(n) = 0

2,800 - 20n = 0

n = 140

P"(140) = -20 < 0

n = 140 is a point of maxima.

Thus, the number of passenger is 140.

Revenue = P(140)

               = 2,800(140) - 10(140)^{2}

               = 392,000 - 196,000

               = $196,000

Therefore,

Price paid by each passenger:

=\frac{Revenue}{number\  of\  passenger}

=\frac{196,000}{140}

= $1,400

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Answer:

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financial calculator Bruno's Lunch Counter is expanding and expects operating cash flows of $23,900 a year for 5 years as a resu
Ann [662]

Answer:

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Explanation:

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We sahall compute theNPV of this project by discounting the appropriate cash flows as follows:

<em>Prevent Value of  operating cash flow</em>

PV =A× (1- (1+r)^(-n))/r

A- 23,900, r - 12%, n- 5

PV = $23,900 × (1- (1.12)^(-5))/0.05

=206,769.963

<em>PV of Working Capital recouped</em>

PV = 5600× 1.12^(-5)

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NPV = 138,347.55

5 0
3 years ago
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Answer:

less

positive

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7 0
3 years ago
Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent
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Answer:

D) It is equivalent to 4.06% paid annually

Explanation:

Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:

Interest for each quarter = \frac{4}{100} \times \frac{3}{12} = 1%

But this 1% will be paid on the compounded value

Interest at end of Quarter 1 = $100 X 1% = $1

Compounded value at end of Quarter 1 = $100 + $1 = $101

Interest at end of Quarter 2 = $101 X 1% = $1.01

Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01

Interest at end of Quarter 3 = $102.01 X 1% = $1.0201

Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301

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Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401

Now net return annually = $4.060401/$100 = 4.06%

Final Answer

D) It is equivalent to 4.06% paid annually

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Answer:

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