Posted by just wondering on .
station carries 15000 bus riders per day for a fare of 1.90. the city wishes to increase ridership in an effort to reduce car polltuion, while at the same time maximizing the transit revenues. tehe city conducted a survey and the results indicated that number of riders would increase by 500 for every 0.05$ decrease in fare.
1-write an equation to represent daily revenue
2-what fare will produce the greatest revenue? what is the expected daily rideship?
3city thinks 24675 per day to break even. what tickets prices would enable the city to earn a profit?