document.write( "Question 1002286: A city's transit authority serves 192,000 commuters daily when fair is $1.70. Market research has determined that every penny decrease in the fare will result in 1200 new riders. What fare will maximize revenue?\r
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document.write( "We are working on Quadratic Functions, and word problems are especially difficult for me to figure out. This is what I have and the answer is incorrect:\r
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document.write( "Revenue = Price(number sold)
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document.write( " Revenue = y\r
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document.write( "y=P(1.70-P)\r
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document.write( "y= 1.70p-p^2\r
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document.write( "using the formula for a Vertex of a Parabola: (-b/2a, c-b^2/4a)\r
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document.write( "a= -1 b= 1.70 c= 0\r
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document.write( "using the \"x\" part of that formula:\r
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document.write( "x= -1.70/2(-1)\r
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document.write( "I got the answer of $0.85 (WHICH IS INCORRECT)\r
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document.write( "Thank you
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document.write( "Angy \n" );
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Algebra.Com's Answer #619233 by vleith(2983)![]() ![]() ![]() You can put this solution on YOUR website! Let the ticket price be given by the formula (170-x) where x is the number of pennies in price reduction \n" ); document.write( "You are told the ridership formula is (192,000 + 1200x) (for each reduction of a penny you get 1200 more riders)\r \n" ); document.write( "\n" ); document.write( "Total revenue is the product of those two formulas \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "
\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The maximum revenue will be found at the midpoint of the two zeros. (170-(-160))/2 = 115\r \n" ); document.write( "\n" ); document.write( "Does that match what you would get? \n" ); document.write( " |