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[Solution] A bus company charged $60 per person for a sightseeing trip and obtained 40 people for the trip. The company has data that indicates that for

Question: A bus company charged $60 per person for a sightseeing trip and obtained 40 people for the trip. The company has data that indicates that for the same trip, each $2 increase in price above $60 results in the loss of one customer.

  1. What should the company charge to maximize revenue?
  2. If fixed costs are $300/trip & there is a cost of $4/person, what should the company charge to maximize profit?

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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