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

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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(10551) About Me  (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: $highlight_green%28highlight_green%281.70%29%29

You can do the check!! 

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