The starting salaries of individuals with an mba degree are normally distributed with a mean of $40,000 and a standard deviation
1 answer:
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Answer:
The ticket price that maximizes revenue is $50.
The maximum monthly revenue is $250,000.
Step-by-step explanation:
We have to write a function that describes the revenue of the airline.
We know one point of this function: when the price is $30, the amount of passengers is 7000.
We also know that for an increase of $1 in the ticket price, the amount of passengers will decrease by 100.
Then, we can write the revenue as the multiplication of price and passengers:
where x is the variation in the price of the ticket.
Then, if we derive R in function of x, and equal to 0, we will have the value of x that maximizes the revenue.
We know that the increment in price (from the $30 level) that maximizes the revenue is $20, so the price should be:
The maximum monthly revenue is:
Given:
Cost of four lines = $125
Cost of each additional line = $15
Jason wants to spend at most $200 per month on cell phone expenses.
To find:
The inequality for the given situation.
Solution:
Let be the number of additional line.
Cost of one additional line = $15
Cost of additional line =
Total cost = Fixed cost + Addition cost
=
It is given that Jason wants to spend at most $200 per month on cell phone expenses. It means the total cost must be less than or equal to 200.
Therefore, the correct option is C.