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A travel agency will plan a group tour for groups of size 40 or larger. If the group contains exactly 40 people, the cost is $340 per person. If each person's cost is reduced by $10 for each additional person above the 40, then the revenue is given by the equation shown below, where x is the number of additional people above 40. R(x) = (40+x)(340 - 10x) Find the marginal revenue if the group contains 45 people. $ Interpret your result. O The revenue will increase by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will increase by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group removes one person.

A travel agency will plan a group tour for groups of size 40 or larger. If the group contains exactly 40 people, the cost is $340 per person. If each person's cost is reduced by $10 for each additional person above the 40, then the revenue is given by the equation shown below, where x is the number of additional people above 40. R(x) = (40+x)(340 - 10x) Find the marginal revenue if the group contains 45 people. $ Interpret your result. O The revenue will increase by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will increase by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group removes one person.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A travel agency will plan a group tour for groups of size 40 or larger. If the group contains exactly 40 people, the cost is $340 per person. If each person's cost is reduced by $10 for each additional person above the 40, then the revenue is given by the equation shown below, where x is the number of additional people above 40. R(x) = (40+x)(340 - 10x) Find the marginal revenue if the group contains 45 people. $ Interpret your result. O The revenue will increase by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will increase by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group removes one person.
Transcribed Image Text:A travel agency will plan a group tour for groups of size 40 or larger. If the group contains exactly 40 people, the cost is $340 per person. If each person's cost is reduced by $10 for each additional person above the 40, then the revenue is given by the equation shown below, where x is the number of additional people above 40. R(x) = (40+x)(340 - 10x) Find the marginal revenue if the group contains 45 people. $ Interpret your result. O The revenue will increase by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group adds one person. O The revenue will decrease by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will increase by $1 if the group adds the absolute value of the marginal revenue number of people. O The revenue will decrease by the absolute value of the marginal revenue in dollars if the group removes one person.
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