Suppose an airline finds that if it prices a cross-country ticket at (equation)

Question

Suppose an airline finds that if it prices a cross-country ticket at (equation) it will sell 600 tickets per day. It estimates that each (equation) price reduction will result in $60 more tickets sold per day, and each $10 price increase will result in $6 Suppose an airline finds that if it prices a cross-country ticket at S100: it will sell 600 tickets per day. It estimates that each S10 price reduction will result in $60 more tickets sold per day, and each $10 price increase will result in $60 less tickets sold per day. Find the ticket price that will maximize the airline's revenue. $100 $110 $75 $116 $156 Save Answer

Explanation / Answer

4. 116 $

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