A certain toll road averages 238,000 cars per day when charging $1 per car. A survey concluded that increasing the toll will result in 700 fewer cars for each cent of toll increase. What toll should be charged in order to maximize the revenue?

A certain toll road averages 238,000 cars per day when charging $1 per car. A survey concluded that increasing the toll will result in 700 fewer cars for each cent of toll increase. What toll should be charged in order to maximize the revenue?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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