Formulate but Do Not Solve the Problem

question 188

Multiple Choice

Formulate but do not solve the problem. The total number of passengers riding a certain city bus during the morning shift is 900. If the child's fare is $0.25, the adult fare is $0.75, and the total revenue from the fares in the morning shift is $475, how many children and how many adults rode the bus during the morning shift? Let x be the number of children.

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Definitions:

Revenue Function

A mathematical relation that calculates the total revenue generated by selling goods or services, typically as a function of price or quantity.

Total Profits

The total income a business has after subtracting all costs and expenses from total revenue.

Cost Function

A cost function calculates the total expense required to achieve a specific level of production or activity.

Profit-Maximizing

A strategy or process in which a company aims to achieve the highest possible profit through adjusting variables like production levels, pricing, and product mix.