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I’m trying to figure out the formula to answering the questions but I’m stumped as to what to do.

I’m trying to figure out the formula to answering the questions but I’m stumped as-example-1
User Icaro Mota
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1 Answer

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Let:

e = Number of economy seats sold

d = Number of deluxe seats sold

There are some restrictions on the tour:

* At least 1 economy seat must be sold, that is:

e ≥ 1

* At least 6 deluxe seats must be sold, thus:

d ≥ 6

* The maximum number of passengers is 30, thus:

e + d ≤ 30

The profit is $40 for each economy seat sold and $35 for each deluxe seat sold:

P = 40e + 35d

This is the function to maximize subject to the restrictions above. We'll use the graph method.

It requires graphing the lines e = 1, d = 6, and e + d = 30 on the same grid and find the feasible region.

The feasible region is a triangle with vertices at (1, 6), (24, 6), and (1, 29).

Now we test the vertices in the function to maximize.

For (1, 6):

P = 40(1) + 35(6)

P = 250.

For (24, 6):

P = 40(24) + 35(6)

P = 1170

For (1, 29):

P = 40(1) + 35(29)

P = 1055

Thus, the maximum profit ($1120) is done when 24 economy seats and 6 deluxe seats are sold.

I’m trying to figure out the formula to answering the questions but I’m stumped as-example-1
User Saurabh Raoot
by
5.1k points