Marginal revenue A bus will hold 60 people. The number x
Chapter 3, Problem 6AAE(choose chapter or problem)
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.)
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