document.write( "Question 1028691: A tour bus in Boston serves 400 customers a day. The charge is $5 per person. Suppose that for each $0.50 increase in fare, a bus company will lose 8 passengers. Determine how much the fare should be in order to maximize the income, and then determine the maximum income. \n" ); document.write( "
Algebra.Com's Answer #643774 by robertb(5830)![]() ![]() You can put this solution on YOUR website! Income = (5 + 0.50x)(400 - 8x), where x = number of increment times.\r \n" ); document.write( "\n" ); document.write( "==> Income = 4(10 + x)(50 - x), after factoring.\r \n" ); document.write( "\n" ); document.write( "==> The roots are x = -10, 50. \n" ); document.write( "The maximum is attained at the midpoint of -10 and 50, namely x = 20.\r \n" ); document.write( "\n" ); document.write( "==> The fare should be $15 in order to maximize income, and the maximum income is $3,600. \n" ); document.write( " |