The demand for monorail service in Las Vegas in 2005 can be approximated by q=−4500p+41500 rides per day when the fare was $p. What price should have been charged to maximize the total daily revenue?

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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The demand for monorail service in Las Vegas in 2005 can be approximated by

q=−4500p+41500 rides per day when the fare was $p.

What price should have been charged to maximize the total daily revenue?

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