Create variables and a simplified equation to solve the following optimization problem. You do not need to solve the problem. For a bus route between two cities, a ticket price of $30 typically attracts 500 riders. For each $1.25 increase in ticket price, 18 fewer people will ride. Find the ticket price that maximizes revenue.

Create variables and a simplified equation to solve the following optimization problem. You do not need to solve the problem. For a bus route between two cities, a ticket price of $30 typically attracts 500 riders. For each $1.25 increase in ticket price, 18 fewer people will ride. Find the ticket price that maximizes revenue.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter3: Functions

Section3.CM: Cumulative Review Exercises

Problem 19CM: Dental billing The billing schedule for dental X-rays specifies a fixed amount for the office visit...

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