Question: A bus will hold 60 people. The number x of people per trip who use the bus is related to the fare charged (p dollars)
A bus will hold 60 people. The number x of people per trip who use the bus is related to the fare charged (p dollars) by the law p = [3 - (x/40)]2. Write an expression for the total revenue r(x) per trip received by the bus company. What number of people per trip will make the marginal revenue dr>dx equal to zero? What is the corresponding fare?
Step by Step Solution
3.47 Rating (147 Votes )
There are 3 Steps involved in it
To find the expression for the total revenue received by the bus company we can use the formula rx x ... View full answer
Get step-by-step solutions from verified subject matter experts
