kulwinderbilla1978 kulwinderbilla1978

27-12-2022
Mathematics

Answered

The Maid of the Mist is a boat tour at the bottom of Niagara Falls. The boat carries an average of 500 people per day for a fare of $20/each. The operators estimate that for each $1 increase in fare, 20 fewer people will take the trip. (HINT: Revenue = Price x Sales)
What fare will maximize the revenue of the Maid of the Mist boat tours?

Answer :

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