Solved: A travel agency offers a one week caribbean tour for 1000, Microeconomics

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A travel agency offers a one week caribbean tour for 1000

A travel agency offers a one week Caribbean tour for $1,000 per person. If more than 50 passengers join the tour, the price is reduced by $5 per additional passen- ger. The tour can accommodate 150 passengers. What number of passengers max- imizes the travel agency's total revenue? What price does each passenger pays?

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Microeconomics: A travel agency offers a one week caribbean tour for 1000

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