Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. carpool service has 2 000 daily riders a one way t

carpool service has 2 000 daily riders A one way ticket costs 5 00 The...

80.2K

Verified Solution

Question

Basic Math

image

carpool service has 2 000 daily riders A one way ticket costs 5 00 The service estimates that for each 1 00 increase to the one way fare 00 passengers will find other means of transportation Let x represent the number of 1 00 increases in ticket price Choose the inequality to represent the values of x that would allow the carpool service to have revenue of at least 12 000 Then use the nequality to select all the correct statements D W The price of a one way ticket that will maximize revenue is 7 50 100 2 1 500 10 000 1002 1 500 10 000 100x2 1 500 10 000 12 000 The maximum profit the company can make is 15 625 00 The maximum profit the company can make is 4 125 00 The price of a one way ticket that will maximize revenue is 12 50 12 000 12 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider the following stock price and shares outstanding information. DECEMBER 31, Year 1 DECEMBER 31, Year 2 Price Shares Outstanding Price Shares Outstanding Stock K $23 110,000,000 $34 110,000,000 Stock...

Physics
1.2K views

4 16 A coil carrying a current I 10mA is placed in a uniform magnetic...

Physics
1.2K views

marks A plank inclined at an angle of a to the horizontal lies on two...

Basic Math
1.2K views

You are ready to spend your Christmas money! You go to your favorite store and...

Algebra
1.2K views

Find the exact value of the expression tan sin cos

Accounting
1.2K views

Exercise 9-5 (Algo) Direct Labor Variances [LO9-5] SkyChefs, Incorporated, prepares in-flight...

Accounting
1.2K views

Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...

Accounting
1.2K views

I will make sure to give a thumbs up, this is time sensitive so please...

Accounting
1.2K views

A favorable materials price variance coupled with an unfavorable materials efficiency variance would most likely...

Accounting
1.2K views

Williams Company plans to issue bonds with a face value of $604,500 and a coupon...

Finance
1.2K views

When it comes to investing Group of answer choices You should go with your "gut...

Accounting
1.2K views

***** Scenario 8: Statement: Christopher retired at age 56 and...