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Find the number that will maximise the intake.

Mathematics

ScanSolve AI Answer

Answer

55 passengers55 \text{ passengers}

Step-by-step solution

5 steps

Here's the solution to maximize the intake.

  1. Define variables and formulate the fare per passenger.

    Let NN be the number of passengers.
    The problem states that 50≤N≤7050 \le N \le 70.
    If NN is exactly 50, the fare is \600,000.If. If Nexceeds50,thefareisreduced.Letexceeds 50, the fare is reduced. Letxbetheexcessnumberofpassengers,sobe the excess number of passengers, sox = N - 50.Thereductioninfareis. The reduction in fare is $10,000 \times x.Thefareperpassenger,. The fare per passenger, F(N)$, is:

    F(N)=600,000−10,000(N−50)F(N) = 600,000 - 10,000(N - 50)
  2. Formulate the total intake function.

    The total intake (revenue), I(N)I(N), is the number of passengers multiplied by the fare per passenger:

    I(N)=N×F(N)I(N) = N \times F(N)

    Substitute the expression for F(N)F(N):

    I(N)=N[600,000−10,000(N−50)]I(N) = N [600,000 - 10,000(N - 50)]

    Expand and simplify the expression:

    I(N)=N[600,000−10,000N+500,000]I(N) = N [600,000 - 10,000N + 500,000] I(N)=N[1,100,000−10,000N]I(N) = N [1,100,000 - 10,000N] I(N)=1,100,000N−10,000N2I(N) = 1,100,000N - 10,000N^2
  3. Differentiate the intake function with respect to NN.

    To find the number of passengers that maximizes the intake, we need to find the derivative of I(N)I(N) and set it to zero:

    dIdN=ddN(1,100,000N−10,000N2)\frac{dI}{dN} = \frac{d}{dN}(1,100,000N - 10,000N^2) dIdN=1,100,000−20,000N\frac{dI}{dN} = 1,100,000 - 20,000N
  4. Set the derivative to zero and solve for NN.

    1,100,000−20,000N=01,100,000 - 20,000N = 0 20,000N=1,100,00020,000N = 1,100,000 N=1,100,00020,000N = \frac{1,100,000}{20,000} N=55N = 55
  5. Verify that this value of NN maximizes the intake.

    The value N=55N=55 is within the allowed range of 50≤N≤7050 \le N \le 70.
    To confirm it's a maximum, we can use the second derivative test:

    d2IdN2=ddN(1,100,000−20,000N)\frac{d^2I}{dN^2} = \frac{d}{dN}(1,100,000 - 20,000N) d2IdN2=−20,000\frac{d^2I}{dN^2} = -20,000

    Since the second derivative is negative (−20,000<0-20,000 < 0), N=55N=55 corresponds to a maximum intake.

    The number of passengers that will maximize the intake is 55.

    55 passengers55 \text{ passengers}
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