Mathematics - Calculus - Maximizing Revenue
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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?
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Let the number of units of one-cent reduction in the ticket cost be N. Then we have, the
revenue ...
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