Posted by ted on Wednesday, November 24, 2010 at 6:29pm.
The city bus company usually transports 12000 riders per day at a ticket price of $1. The company wants to raise the tickets price and knows that for every 10 cents increase, the number of riders decreases by 400.
A. What price for a ticket will maximize revenue?
pls help

math  Damon, Wednesday, November 24, 2010 at 7:22pm
n riders, q price increase over 100 pennies in pennies
n = 12000 (1  400 *10q)
r = n ( 100 + q)
so
r = 12000 (14000q)(100+q)
r = 12000 (100 399,999 q  4,000q^2)
dr/dq = 12000 (399,999  8,000 q)
max when 0
q = about 50 cents
looks like they should lower the price to 50 cents to maximize revenue
If you do not do calculus find the vertex of the parabola
40 q^2 + 4000q 1 = 0
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