Solution-Four prices mentioned, (a) How many gallons would

Four prices mentioned

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Reference no: EM131115970

A gas station sells 1600 gallons of gasoline per hour if it charges $ 2.20 per gallon but only 800 gallons per hour if it charges $ 2.65 per gallon. Assuming a linear model

(a) How many gallons would be sold per hour of the price is $ 2.30 per gallon?

(b) What must the gasoline price be in order to sell 1200 gallons per hour?

(c) Compute the revenue taken at the four prices mentioned in this problem -- $ 2.20, $ 2.30, $ 2.65 and your answer to part (b). Which price gives the most revenue?

Reference no: EM131115970

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Four prices mentioned

Reference no: EM131115970

Reference no: EM131115970

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