We know revenue is price x quantity .
In our case: Revenue = cost per mile x total number of miles
Let cost per mile = p
and total miles = q
So R = p*q.....(equation 1)
With a 50% increase in p, we want the total revenue to also increase by at least 50%.
Thus 1.5R >= 1.5p*q.....(equation 2) -> Conclusion
Thus for equation 2 to hold, the total number of miles must remain the same or increase...i.e they should not decrease
So any choice that talks about total number of miles ought be the
...
In our case: Revenue = cost per mile x total number of miles
Let cost per mile = p
and total miles = q
So R = p*q.....(equation 1)
With a 50% increase in p, we want the total revenue to also increase by at least 50%.
Thus 1.5R >= 1.5p*q.....(equation 2) -> Conclusion
Thus for equation 2 to hold, the total number of miles must remain the same or increase...i.e they should not decrease
So any choice that talks about total number of miles ought be the
...



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