jjwarren54
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- Jun 3, 2007
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In most businesses, increasing prices of products can negatively impact the number of customers. The bus company in a small town has an average number of riders of 800 per day. The bus company charges $2.25 for a ride. They conducted a survey of their customers and found that they will lose approx. 40 customers per day for each $.25 increase in fare.
Let the number of riders be a function of the fares. Graph the function, identify the graph of the function (line, parabola, hyperbola, or exponential), and find the slope of the graph.
Let the number of riders be a function of the fares. Graph the function, identify the graph of the function (line, parabola, hyperbola, or exponential), and find the slope of the graph.