Solved

An Airline Flies 120,000 Passengers Per Week to Florida When

Question 86

Short Answer

An airline flies 120,000 passengers per week to Florida when charging $100 per flight. It estimates that for each $1 increase in price it will lose 400 passengers. By how much should the fare be increased (or decreased) to maximize total revenue? Enter your answer as just an integer (no symbols or words).

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents