Determine revenue function and write the equation


The Transit Authority runs the subway from city to suburbs. Fare is $3.00, number of passengers which will travel every day is 6000. If fare was increased to $3.50 per ride, number of riders would reduce to 5000. Consider q represent number of passengers and p represent price.

-Write the equation for q in terms of p

-Determine revenue function R(p)

-Determine R'(p)

-Relative/absolute max, on interval [0,6]

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Mathematics: Determine revenue function and write the equation
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