Question: A transit authority for a major metropolitan area has determined an approximate deman function which express daily ridership as a function of the of the
A transit authority for a major metropolitan area has determined an approximate deman function which express daily ridership as a function of the of the fare charged (p). The demand function is D(p)=q=14000125p. Determine how many riders per day are expected under the fare that maximizes the revenue. No. of riders, q=
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