Question

16. The demand fornirline travel is quite sensitive to price.
Typically, there is an inverse relationship between
demand and price; when price decreases, demand in-
creases and vice versa. One major airline has found
that when the price (P) for a round trip between
Chicago and Los Angeles is $600. the demand (D)
is 500 passengers per day. When the price is reduced
to $400. demand is 1.200 passengers per day.
a. Plot these points on a coordinate system and de-
velop a lincar model that relates demand to price.
b. Develop a prescriptive model that will determine
what price to charge to maximize the total revenue.
e. By trial and error, can you find the optimal solu-
ljon that maximizes total revenue?

Answer 1

Answer:

2फॉर सीरीज कंटेंट चौक पाउडर वाटर शुगर क्रिस्टल एंड रिस्पेक्टिवली डैनोसा क्लोज ब्लैक कॉक एंड पिस्टन इस पोस्ट इन इट्स रेंज इन विच विल बी द विच विल बी द बेस्ट पोस्टर सीरीज