A plane with 125 seats may be chartered for $250 per person plus a fee of $6 per person for each empty seat. What number of passengers will provide the maximum income.
I have 250x + 6x as my initial equation, but that is not leading anywhere. What am I not thinking of?
I was interpreting the problem to mean that if 123 seats fill then each seat costs $250 + 12 = 262. If 120 seats sell then each passenger pays 250 + 30 = 280.
The answer is 83 if you want to check your answer. Pochacco had the right expression for the price per ticket, but you need to multiply it with the number of passengers to get a revenue function. Now find its maximum. Hint: It’s a parabola.
Yeah, but my solution is more elegant.
(Once you know it’s an upside down parabola, the optimal solution occurs at the vertex. In this case, it’s x = 83.3. The optimal integral solution has to be 83 since it’s the closest integer to 83.3, and you’re dealing with a parabola.)
You get a max cost of $39,650 for 60 passengers.
I get a max cost of $41,666 for 83 passengers.
$41,666 > $39,650.
Look again at the correct formula and what it represents.
$250 per passenger = 250n
PLUS
$6 per passenger per empty seat = 6(n)(125 - n)
EQUALS
250n + 6n(125 - n)
Note that the 250n is not grouped with the 6n, as dauerbach had it. The number of empty seats (125 - n) is multiplied by the $6/passenger (6n) only. That’s completely separate from the base price of $250 per passenger, which is why they’re added, not multiplied.
Ok, I see where my error was. And Scarlett67, as far as my teacher is concerned showing the work is maximizing with -b/2a which comes to 83.3 and then substituting in p(83) = -6(83)^2 + 1000(83) which just happens to give the exact same answer as you got. Thank you very much for the help. Best of all, I actually understand it now.
Part of the problem is dauerbach’s choice of what n represents. Normally you would choose n to be the value asked for in the problem (passengers) but he’s chosen it to represent the number of empty seats. Teacher might ding for that.
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OK, dauerbach, check your expansion of that polynomial again:
Your outside and inside terms are (-250n) + (125)(6n) = -250n + 750n = 500n.