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Revenue from Monorail Service, Mar_s The Utarek monorail, which links the three urbynes (or districts) of Utarek on Mars, charged is per ride'r and sold
Revenue from Monorail Service, Mar_s The Utarek monorail, which links the three urbynes (or districts) of Utarek on Mars, charged is per ride'r and sold about 15 million rides per day. When the Utarek City Council lowered the fare to 23 per ride, the number of rides increased to 20 million per day. (a) Use the given information to find a linear demand equation. (Let q be the number of rides in millions per day and p be the price of a ride.) '70?) = (b) Find the price (in zonars) the City Council should have charged to maximize revenue from ridership. z I:] What is the corresponding daily revenue (in zonars)? 7:] (c) The City Council would have needed to raise E41 billion in revenues from ridership each Martian year (670 days'r) to finance the new Mars organism research lab. Would this have been possible by charging a suitable price? With a total possible yearly revenue of E :] , it be possible to finance the lab
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