Question: The Monterey Sailing Club offers sight-seeing tours of the Monterey Bay. The 3- hour tour costs $7 per person, and has an average demand of about 1000 customers a month. When they lowered the price to $6 per person, the monthly demand jumped to about 1200 customers. Assuming the demand equation is linear, find the tour price that should be charged per person in order to maximize the tour’s revenue.
Deliverables: Word Document