A bus company has adopted the following pricing policy for groups that wish to charter its buses.
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A bus company has adopted the following pricing policy for groups that wish to charter its buses. Groups containing no more than 40 people will be charged a fixed amount of $2,400 (40 times $60). In groups containing between 40 and 80 people, everyone will pay $60 minus 50 cents for each person in excess of 40. The company’s lowest fare of $40 per person will be offered to groups that have 80 members or more. Express the bus company’s revenue as a function of the size of the group. Draw the graph.
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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