Purchase Solution

Mathematics - Calculus - Maximizing Revenue

Not what you're looking for?

Ask Custom Question

You can operate a train if at least 200 people buy tickets. The fare will be $8 per person if 200 people buy tickets, but will decrease 1 cent for each additional person over 200. what number of passangers will bring the railroad the maximum revenue?

Purchase this Solution

Solution Summary

A Complete, Neat and Step-by-step Solution is provided.

Solution Preview

Let the number of units of one-cent reduction in the ticket cost be N. Then we have, the

revenue ...

Purchase this Solution


Free BrainMass Quizzes
Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.