I\'m not sure why I am not getting the correct answers for #7. Also I do not kno
ID: 2850655 • Letter: I
Question
I'm not sure why I am not getting the correct answers for #7. Also I do not know how to do #10 at all.
7. 0/1.5 points | Previous Answers TanApCalc9 4.5.017 My Notes Ask Your Teacher If exactly 220 people sign up for a charter flight, Leisure World Travel Agency charges $292/person. However, if more than 220 people sign up for the flight (assume this is the case), then every fare is reduced by $1 times the number of passengers above 220. Determine how many passengers will result in a maximum revenue for the travel agency. Hint: Let x denote the number of passengers above 220 . Show that the revenue function R is given by R(x) = (220 + x)(292-x). 36 X passengers What is the maximum revenue? $ 512 What would be the fare per passenger in this case? 2.33 X dollars per passenger Need Help? Read It Chat About It Viewing Saved Work Revert to Last Response S Submit Answer Save ProgressExplanation / Answer
7)let x = increased number of passengers above 220
==>number of passengers=220+x
reduced fare per each person =1*x=x
fare per person =292-x
revenue R=number of passengers*fare per person
R=(220+x)(292-x)
maximum revenue occurs when dR/dx=0
==>(0+1)(292-x) +(220+x)(0-1)=0
==>292-x-220-x=0
==>2x=72
==>x=36
increased number of passengers above 220 =36
==>number of passengers=220+36=256
maximum revenue=R=(220+36)(292-36)
maximum revenue=R=65536
fare per passenger =292-36=256$