MAT135H1 Final: 3.4 Optimization in Economics and Science (3)
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MAT135H1 Full Course Notes
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In business, optimization involves maximizing profits and minimizing costs. Revenue = (price per unit) x (number of units sold) Example 1: a commuter train carries 2000 passengers daily from the suburbs into the city. Market research shows that 40 fewer people would ride the train for each sh. 10 increase in fare, and. 40 more people would ride the train for each sh. 10 decrease. If the capacity of the train is 2600 passengers, and carrying less than 1600 passengers means costs would exceed revenue, what fare should the railway charge to get the largest possible revenue? let of tickets sold. Rc15 14000 80c15 4g iii2 soo to price 710. 1410 at x so the ticketprice formax. If possible, state the restrictions on the radius. domain: determine the proportions that meet the conditions and that minimize cost of the steel for construction. 11it r 5. 38 m e min radius 5. 38 possibleto fit cylindrical tankin warehouse tr.
