Madeline H.

asked • 04/15/21

Calculus Problem

An airline company finds that if it prices a cross-country ticket at $400, they will sell 300 tickets per day. A market survey indicates that for each $10 price reduction, an additional 30 tickets will be sold per day.


(a) Find the demand function p(x), assuming it is linear. (Here, p(x) is the price at which the company can sell x tickets.)

(b) Find the price of the ticket that will maximize the company’s revenue.

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