For a bus with a capacity of 30 seats, the full fare is $450 and the discounted fare is $150. On average, the bus expects 20 full-fare customers, but this number could be as low as 10 or as high as 30. What is the optimal discount-fare booking limit in this scenario? A) 1

For a bus with a capacity of 30 seats, the full fare is $450 and the discounted fare is $150. On average, the bus expects 20 full-fare customers, but this number could be as low as 10 or as high as 30. What is the optimal discount-fare booking limit in this scenario? A) 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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plz solve it within 30-40 mins I'll give you multiple upvote

For a bus with a capacity of 30 seats, the full fare is
$450 and the discounted fare is $150. On average,
the bus expects 20 full-fare customers, but this
number could be as low as 10 or as high as 30.
What is the optimal discount-fare booking limit in
this scenario?
A) 1
B) 10
C) 5
D) 20

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