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?
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Fare that'll produce maximum revenue: ${{{highlight_green(highlight_green(1.70))}}}
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