On a certain route, an airline carries 5000 passengers per month, each paying $40. A market survey indicates that for each $

Question

3 years ago

15

On a certain route, an airline carries 5000 passengers per month, each paying $40. A market survey indicates that for each $

1 increase in the ticket price, the airline will lose 100 passengers. Find the ticket price that will maximize the airline's monthly revenue for the route. What is the maximum monthly revenue?

Mathematics

1 answer:

Veseljchak [2.6K] · Answer 1 · 2022-10-05T12:41:40+03:00

Veseljchak [2.6K]3 years ago

3 0

The answer is $320000.
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On a certain​ route, an airline carries 5000 passengers per​ month, each paying ​$40. A market survey indicates that for each​ $

On a certain route, an airline carries 5000 passengers per month, each paying $40. A market survey indicates that for each $