Answer:
H(t) = 15 -6sin(2.5π(t -0.5))
Step-by-step explanation:
For midline M, amplitude A, period T and time t0 at which the function is decreasing from the midline, the function can be written as ...
H(t) = M -Asin(2π/T(t -t0))
Using the given values of M=15, A=6, T=0.8 and t0 = 0.5, the equation is ...
H(t) = 15 -6sin(2.5π(t -0.5))
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: