A charter bus company has determined that the cost, in dollars, of providing x people a...
The Travel Time bus company has determined that when x tourists are given a particular bus tour, the profit P is given by P(x) = –0.25x^2 + 28.50x – 310 (a) What is the company’s profit if 44 tourists are given the tour and how many tourists should be given the tour in order to maximize the company’s profit? What would be the maximum profit?
Show all work for full/partial eredit on the following open-ended questions Part B: al. Some FHSU math major graduates decide to set up a tutoring servic h students. One student was charged $31 for 3 hours of tutoring. Another student was char tutoring. The relationship between the cost and time is linear a. What is the independent variable? e for the high school M cost and time was charged $45 for 7 hours of b. What is the dependent variable?...
1. A company has determined that if the price of an item is $ 40, then 150 will be demanded by consumers. When the price is $ 45, then 100 items are demanded by consumers(a) Find the price-demand equation, assuming that it is linear. ( 2 marks)(b) Find the revenue function. (1 mark)(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue? (4 marks)(d) What is the price of each item when...