103Lab7W18Soln.pdf - Would you like this assignment to be...

This preview shows page 1 - 2 out of 2 pages.

Would you like this assignment to be marked?YESNOMA103 Lab Report 7 - Optimization; AntiderivativesName:Student Number:Winter 20181. [4marks] A small cruise ship that can hold up to 75 people provides two-day excursions to groups of 52 or more. Ifthere are 52 people in the group, each person pays $70. The price will decrease by $1 for each person above 52 (so,for example, if there are 53 people in the group, each person pays $69).Ifxrepresents the number of people in excess of 52, determine the size of the group that maximizes revenue for theowners of the ship. Use the Closed Interval Method to verify your result. [Recall: In general, revenue is the productof selling price and quantity sold.]

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture