Homework Help is Here – Start Your Trial Now!
Math
Algebra
Michelle and Robert constructed a wooden bridge for ATVs over a deep creek on the edge of their property. To recuperate the cost of the materials, they decided to charge an annual toll of $8 to each of the 120 members of a local club. A survey showed that for every $1 the toll is increased, 4 members wouldn't use the bridge anymore. What is the best toll charge to allow them to recuperate the cost of the materials the fastest?

Michelle and Robert constructed a wooden bridge for ATVs over a deep creek on the edge of their property. To recuperate the cost of the materials, they decided to charge an annual toll of $8 to each of the 120 members of a local club. A survey showed that for every $1 the toll is increased, 4 members wouldn't use the bridge anymore. What is the best toll charge to allow them to recuperate the cost of the materials the fastest?

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 5P
See similar textbooks
icon
Related questions
Question
Michelle and Robert constructed a wooden bridge for ATVs over a deep creek on the edge of their property. To recuperate the cost of the materials, they decided to charge an annual toll of $8 to each of the 120 members of a local club. A survey showed that for every $1 the toll is increased, 4 members wouldn't use the bridge anymore. What is the best toll charge to allow them to recuperate the cost of the materials the fastest?
Transcribed Image Text:Michelle and Robert constructed a wooden bridge for ATVs over a deep creek on the edge of their property. To recuperate the cost of the materials, they decided to charge an annual toll of $8 to each of the 120 members of a local club. A survey showed that for every $1 the toll is increased, 4 members wouldn't use the bridge anymore. What is the best toll charge to allow them to recuperate the cost of the materials the fastest?
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS