Demand for monorail service in one particular city can be approximated by q =-4,195p +31,370 rides per day when fare is $p. What price should should be charged to maximize daily revenue? Round your answer to two decimal places.
Demand for monorail service in one particular city can be approximated by q =-4,195p +31,370 rides per day when fare is $p. What price should should be charged to maximize daily revenue? Round your answer to two decimal places.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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Demand for monorail service in one particular city can be approximated by q =-4,195p +31,370 rides per day when fare is $p. What price should should be charged to maximize daily revenue? Round your answer to two decimal places.
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