### What is the maximum revenue

##### Reference no: EM131090380

The owner of a luxury motor yacht that sails among the 4000 Greek islands charges \$344/person/day if exactly 20 people sign up for the cruise. However, if more than 20 people sign up (up to the maximum capacity of 100) for the cruise, then each fare is reduced by \$4 for each additional passenger.

Assuming at least 20 people sign up for the cruise, determine how many passengers will result in the maximum revenue for the owner of the yacht.

_____________ passengers

What is the maximum revenue?

\$ ________

What would be the fare/passenger in this case? (Round your answer to the nearest dollar.)

____________ dollars per passenger

#### Unreliable indicator of the standard of living

1. Explain why real GDP might be an unreliable indicator of the standard of living? - Answer not more than 250 words and add 2 academic references (Harvard referncing style)

#### Identified two sources of macroeconomic expectations

If inventory levels across the nation are unexpectedly low, what would you expect to see happen to unemployment and inflation? Economists have identified two sources of macroe

#### Charge interest on excess reserves held

If European central banks were to charge interest on excess reserves held in Europe while the Fed continued to pay interest on excess reserves held in the United States, why m

#### How entrepreneurship can either productive or unproductive

With reference to the theories of Baumol and Schumpeter, and the activities of one or more real world entrepreneurs during the last decade, explain how entrepreneurship can be

#### Relationship between savings-capital formation-consumption

The GI Bill provided educational opportunities to many young men returning from military   service. Using a production possibilities curve, demonstrate how the GI Bill affecte

#### Cappuccino vending machine is designed to dispense average

A cappuccino vending machine is designed to dispense an average of μ oz per cup. If the ounces per fill are normally distributed, with a standard deviation of 0.4 oz, what val

#### Supply and demand curves when tax credit was implemented

In 2008, the government initiated an \$8,000 tax credit for first-time homebuyers in an effort to stimulate the housing market. This means that all first-time homebuyers in 200

#### How a system could improve efficiency

As the new manager of a convenience store, you have noticed issues with the manual method of tracking sales using paper sales tickets and spreadsheets, as well as, shortages