A city bus system carries 4000 passengers a day throughout a large city. The cost to ride the bus is $1.50 per person. The owner realizes that 100 fewer people would ride the bus for each $0.25 increase in fare, and 100 more people would ride for each $0.25 decrease in fare. If the capacity of the bu s system is 5000 passengers, what should the bus system charge to produce the largest possible revenue?
A city bus system carries 4000 passengers a day throughout a large city. The cost to ride the bus is $1.50 per person. The owner realizes that 100 fewer people would ride the bus for each $0.25 increase in fare, and 100 more people would ride for each $0.25 decrease in fare. If the capacity of the bu s system is 5000 passengers, what should the bus system charge to produce the largest possible revenue?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A city bus system carries 4000 passengers a day throughout a large city. The cost to ride the bus is $1.50 per person. The owner realizes that 100 fewer people would ride the bus for each $0.25 increase in fare, and 100 more people would ride for each $0.25 decrease in fare. If the capacity of the bu s system is 5000 passengers, what should the bus system charge to produce the largest possible revenue?
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