Wednesday
October 1, 2014

Homework Help: math

Posted by coni on Saturday, March 24, 2007 at 6:59pm.

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.

Makes sense to me!

What is your question? Assuming that the survey is correct, the increases will still lead to a greater daily income.

I hope this helps a little more. Thanks for asking.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - In most businesses, increasing prices of products can negatively ...
Statistics - A national survey of small businesses reports that 70% of all small...
math - The city bus company usually transports 12000 riders per day at a ticket ...
math - The city bus company usually transports 12000 riders per day at a ticket ...
math - the distance between town A and town B was 210km. At 9:20pm a bus sets ...
science - which businesses would changes impact the most from biogeochemical ...
math - The number of customers that visit a local small business is 37,800 and ...
math30 - The number of cellular phone customers of a particular telephone ...
math - A test is conducted in 22 cities to see if giving away free transit ...
prob and stats - A test is conducted in 22 cities to see if giving away free ...

Search
Members