A travel agency is planning a trip to England for 100 members of a college faculty....

A travel agency is planning a trip to England for 100 members of a college faculty. The plane fare will be $600 per faculty member if all members attend the trip. With each cancellation, however l, the fare will increase by$250 per faculty member.

the cost to the agency is $20,000 plus $40 for each passenger.

What is the price that will generate the maximum profit for the agency?

Expert Solution

The answer is given below

milcah answered 2 years ago

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