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:
Question:
To a survey of 290 newspaper readers, 181 of them read the Daily Times, 142 Read the Guardian 117 read punch and each reads at least one of the three papers if 75 read the Daily Times, and the Guardian, 60 read the Daily Times and punch, and 54 read the Guardian and punch : Draw a Venn diagram to illustrate this information How many readers read All three papers ,Exactly two of the papers The Guardian alone?
Answer:
39 read all three news papers,72 Exactly two Papers & 52 reads Guardian Alone
Step-by-step explanation:
We have given, A survey of 290 newspaper readers.
Who read the Daily times A=181
Who read the Guardian times B=142
Who read the punch C=117
Who read Daily Times and the Guardian A\cap B= 75
Who read Daily Times and the punch A\cap C=60
Who read Guardian and punch B\cap C=54
To find :
How many readers read All three papers, Exactly two of the papers The Guardian alone?
Solution :
Readers read all three papers is
Total survey is given by,
Total =
290 =
290 =
290-251=
So, number of readers who read all three papers is 39.
Exactly two of the papers = 36 + 21 + 15 = 72
Guardian Alone = 52