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April 18, 2014

Homework Help: algebra

Posted by Anonymous on Tuesday, January 30, 2007 at 9:46pm.

In most businesses, increasing prices of products can negatively impact the number of customers. A bus company in a small town has an average number of riders of 800 per day. The bus company charges $2.25 for a ride. They conducted a survey of their customers and found that they will lose approximately 40 customers per day for each $.25 increase in fare.

a) Let the number of riders be a function of the fare charged. Graph the function, identify the graph of the function (line, parabola, hyperbola, or exponential), find the slope of the graph, find the price at which there will be no more riders, and the maximum number of riders possible.



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