SOLUTION: When a seminar organizers charge Rs: 600/= per person, they attract 1000 people. For each Rs 20/= decrease, an additional 1000 people get registered. The most profit-optimal fee is

Question 1005139: When a seminar organizers charge Rs: 600/= per person, they attract 1000 people. For each Rs 20/= decrease, an additional 1000 people get registered. The most profit-optimal fee is

Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

You only provided information to derive a revenue function. You cannot calculate (or optimize) profit without a cost function because

John

My calculator said it, I believe it, that settles it

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