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A gas station sells 1600 gallons of gasoline per hour if it charges $2.25 per gallon but only 1000 gallons per hour if it charges $ 2.70 per gallon. Assuming a linear model (a) How many gallons would be sold per hour of the price is $2.65 per gallon? Answer: (b) What must the gasoline price be in order to sell 1500 gallons per hour? Answer: $ (c) Compute the revenue taken at the four prices mentioned in this problem - $ 2.25, $ 2.65, $ 2.70 and your answer to part (b). Which price gives the most revenue? Answer: $

A gas station sells 1600 gallons of gasoline per hour if it charges $2.25 per gallon but only 1000 gallons per hour if it charges $ 2.70 per gallon. Assuming a linear model (a) How many gallons would be sold per hour of the price is $2.65 per gallon? Answer: (b) What must the gasoline price be in order to sell 1500 gallons per hour? Answer: $ (c) Compute the revenue taken at the four prices mentioned in this problem - $ 2.25, $ 2.65, $ 2.70 and your answer to part (b). Which price gives the most revenue? Answer: $

Advanced Engineering Mathematics
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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A gas station sells 1600 gallons of gasoline per hour if it charges $ 2.25 per gallon but only 1000 gallons per hour if it charges $ 2.70 per gallon. Assuming a linear model (a) How many gallons would be sold per hour of the price is $ 2.65 per gallon? Answer: (b) What must the gasoline price be in order to sell 1500 gallons per hour? Answer: $ (c) Compute the revenue taken at the four prices mentioned in this problem -- $ 2.25, $ 2.65, $ 2.70 and your answer to part (b). Which price gives the most revenue? Answer: $
Transcribed Image Text:A gas station sells 1600 gallons of gasoline per hour if it charges $ 2.25 per gallon but only 1000 gallons per hour if it charges $ 2.70 per gallon. Assuming a linear model (a) How many gallons would be sold per hour of the price is $ 2.65 per gallon? Answer: (b) What must the gasoline price be in order to sell 1500 gallons per hour? Answer: $ (c) Compute the revenue taken at the four prices mentioned in this problem -- $ 2.25, $ 2.65, $ 2.70 and your answer to part (b). Which price gives the most revenue? Answer: $
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