Question
A train service carries 20,000 people daily. The rail line could serve up to 60,000 people. The cost to ride the train is (pi ),
A train service carries 20,000 people daily. The rail line could serve up to 60,000 people. The cost to ride the train is (pi ), but research shows that for each fare increase of $0.02, ridership will go down by 271 people.
What fare should be charged to maximize revenue?
If each rider costs the rail service $0.10, what fare should be charged to maximize profit?
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
