Problem 1PE Derivatives of Functions Find the derivatives of the functions
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Textbook Solutions for Thomas' Calculus: Early Transcendentals
Question
Problem 6AAE
Marginal revenue A bus will hold 60 people. The number x of people per trip who use the bus is related to the fare charged ( p dollars) by the law Write an expression for the total revenue r (x) per trip received by the bus company.
What number of people per trip will make the marginal revenue dr/dx equal to zero? What is the corresponding fare? (This fare is the one that maximizes the revenue, so the bus company should probably rethink its fare policy.)
Solution
The first step in solving 3 problem number 16 trying to solve the problem we have to refer to the textbook question: Problem 6AAEMarginal revenue A bus will hold 60 people. The number x of people per trip who use the bus is related to the fare charged ( p dollars) by the law Write an expression for the total revenue r (x) per trip received by the bus company.What number of people per trip will make the marginal revenue dr/dx equal to zero? What is the corresponding fare? (This fare is the one that maximizes the revenue, so the bus company should probably rethink its fare policy.)
From the textbook chapter Derivatives you will find a few key concepts needed to solve this.
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