Short Answer
The regular air fare between Boston and San Francisco is $600.An airline flying 747s with a capacity of 480 on this route observes that they fly with an average of 400 passengers.Market research tells the airlines' managers that each $20 fare reduction would attract, on average, 20 more passengers for each flight.How should they set the fare to maximize their revenue?
Correct Answer:

Verified
Correct Answer:
Verified
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