SOLUTION: The Hamilton transit system carries 24800 bus riders per day for a fare of $1.85. The city hopes to reduce car pollution by getting more people to ride the bus. while maximizing th

Question 921859: The Hamilton transit system carries 24800 bus riders per day for a fare of $1.85. The city hopes to reduce car pollution by getting more people to ride the bus. while maximizing the transit system's revenue at the same time. A survey indicates that the number of riders will increase by 800 for every $0.05 decrease in fare. What fare will produce the maximum revenue?
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

The Hamilton transit system carries 24800 bus riders per day for a fare of $1.85. The city hopes to reduce car pollution by getting more people to ride the bus. while maximizing the transit system's revenue at the same time. A survey indicates that the number of riders will increase by 800 for every $0.05 decrease in fare. What fare will produce the maximum revenue?



Fare that'll produce maximum revenue: $

You can do the check!! 

===================

If you need a complete and detailed solution, let me know!!



Send comments, �thank-yous,� and inquiries to �D� at MathMadEzy@aol.com.

Further help is available, online or in-person, for a fee, obviously. 



For FREE info and answers to questions about the ASVAB exam, the NYS 3 � 8 city/state wide exams,GENERAL

MATH and HOMEWORK QUESTIONS, or MATH QUESTIONS related to the Regents Integrated Algebra, 

Regents Geometry, Regents Algebra 2/Trigonometry, SHSAT, COOP/HSPT/TACHS, PSAT, SAT, ACT, SSAT/ISEE,

GRE, CLEP, and the TASC/GED, you can visit: http://asvabstudyzone.freeforums.net/. 

RELATED QUESTIONS

A bus company carries about 40 000 riders per day for a fee of $1.00. A survey indicates... (answered by ankor@dixie-net.com)
A bus company carries about 20,000 riders for a fare of 90 cents. A survey indicates that  (answered by josmiceli)
A harbor ferry service has about 240 000 riders per day for a fare of $2. The port... (answered by ankor@dixie-net.com)
Could you please help me solve this question. I did some of it.  Thank you
It is not... (answered by ankor@dixie-net.com)
If someone could show me how to get started - I would so greatful! Here is the whole... (answered by stanbon)
Can you please help me solve: A ferry service transporting passengers to an island... (answered by stanbon)
Can you please help me with this question I am very confused by it. I am clueless.... (answered by jim_thompson5910)
2)  In most businesses, increasing prices of products can negatively impact the number of  (answered by Hook)
In most businesses, increasing prices of products can negatively impact the number of... (answered by ankor@dixie-net.com)