A transit company carries about 80 000 riders per day for a fare of $1.25. To obtain more revenue, the management plans to increase the fare. It estimates that for every 5 cent increases in fare, it will lose 1000 riders. What fare would result in the greatest revenue and what would the maximum revenue be?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A transit company carries about 80 000 riders per day for a fare of $1.25. To obtain more revenue, the management plans to increase the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Your family wants to purchase a new laptop with a 17" widescreen. Since the 17 inches represents the diagonal measurement of the screen (upper corner to lower corner), you want to find out the actual dimensions of the laptop.
Answers (1)
A school bought 32 new desks. Each desk cost $24. Which is the best estimate of how much the school spent on the new desks?
Answers (1)
A cube has and edge length of 2 centimeters. What is it's volume, in cubic centimeters?
Answers (1)
Which expression is equivalent to A. m^2-m B. - m^3+13m2 C. - m^3+m^2 D. m^3+m^2
Answers (1)
What two-digit numbers greater than 69 are divisible by 2 and 11?
Answers (1)
New Questions in Mathematics
What is c in p^2+11p+c
Answers (1)
Graph the line y = - 7.
Answers (1)
What is sum of two fifths and one forth?
Answers (1)
A tank is full of oil weighing 30 lb/ft3. The tank is a right rectangular prism with a width of 2 feet, a depth of 2 feet, and a height of 3 feet. Find the work required to pump the water to a height of 2 feet above the top of the tank
Answers (1)
What is the constant term in the expansion of the binomial (x - 2) 4? - 16 16 - 32 32
Answers (1)