Luisa G.

asked • 11/06/19

maximize revenue

A bus company charged me $60 per person for a sightseeing trip and obtained 40 people for the trip. The company has data that indicates that for the same trip, each $2 increase in the price above $60 results in the loss of one customer. What should the company charge to maximize revenue?

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.