Hamed owns a local gold market that currently has 4693401 subscribers on Instagram at a quarterly charge of R.O. 18. He notices that if he raises the price of his commodity to R.O. (18+ 4), he will lose 8549 subscribers. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue

Hamed owns a local gold market that currently has 4693401 subscribers on Instagram at a quarterly charge of R.O. 18. He notices that if he raises the price of his commodity to R.O. (18+ 4), he will lose 8549 subscribers. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 46P

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