SOLUTION: Ace cruiser line offers an inland waterway cruise to a group of 50 people for a price of R30 per person but it reduces the price person by R0.50 for each additional person above 5
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-> SOLUTION: Ace cruiser line offers an inland waterway cruise to a group of 50 people for a price of R30 per person but it reduces the price person by R0.50 for each additional person above 5
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Question 1073097: Ace cruiser line offers an inland waterway cruise to a group of 50 people for a price of R30 per person but it reduces the price person by R0.50 for each additional person above 50.
Define the revenue functions for the inland waterway cruise. Answer by ikleyn(52781) (Show Source):
The price function for one ticket is
R30 if x <= 50,
p(x) = and
R(30-0.5*(x-50)) if x > 50.
where x is the number of people.
The revenue function is R(x) = x*p(x).
