2) In most businesses, increasing prices of products can negatively impact the number of customers. A bus company in a small town has an average number of riders of 800 per day. The bus company charges $2.25 for a ride. They conducted a survey of their customers and found that they will lose approximately 40 customers per day for each $.25 increase in fare.
a) Let the number of riders be a function of the fare charged. Graph the function, identify the graph of the function (line, parabola, hyperbola, or exponential), and find the slope of the graph.
Graph:
Graph Type: Line
What is the slope of the graph?
b) The bus company has determined that even if they set the price very low, there is a maximum number of riders permitted each day. If the price is $0 (free), how many riders are permitted each day?
Answer:
0 = (800 - 40x)(2.25 + .25x)
800 = 40x
x = 20 or
2.25 = -.25x
x = -9.
Show work in this space:
c) If the bus company sets
2007-06-15
07:11:30
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1 answers
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asked by
greg2lint
1
in
Science & Mathematics
➔ Mathematics