Website Profit You operate a gaming website, www.mudbeast.net, where users must pay a small fee to log on. When you charged $3 the demand was 1120 log-ons per month. When you loweredthe price to $2.50, the demand increased to 1400 log-ons per month.(a) Construct a linear demand function for your website and hence obtain the monthly revenue R as a function of the log-on fee x.R(x) -560x²+2800x=(b) Your Internet provider charges you a monthly fee of $50 to maintain your site. Express your monthly profit P as a function of the log-on fee x.P(x): -1120x + 2800Determine the log-on fee you should charge to obtain the largest possible monthly profit (in dollars).X = $ 2.5XWhat is the largest possible monthly profit (in dollars)?$ 5550X

Given : We have a gaming website where $3 is charged when demand is 1120 log-ons per month and $2.5…

Answered: Website Profit You operate a gaming…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.5: Linear Functions And Models

Problem 41E

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Similar questions

Filling a PondA large koi pond is filled from a garden hoseat the rate of 10 gal/min.Initially,the pond contains 300 galof water. (a) Find a linear function V that models the volume of waterin the pond at any time t . (b) If the pond has a capacity of 1300 gal, how long does it take to completely fill the pond?
TEST YOUR UNDERSTADING FOR EXAMPLE 3.5 A donation to the university is required for the privilege of purchasing premium season football passes. The cost is a linear function of the number of season passes. It costs 8000 to get season passes for myself and my spouse. To get passes for my entire family of 5, it costs 17,000. Use a formula to express the total cost C, in dollars, of n season passes. EXAMPLE 3.5 CHANGING CELSIUS TO FAHRENHEIT Temperature F=F(C) in Fahrenheit is a linear function of the temperature C in Celsius. A lab assistant placed a Fahrenheit thermometer beside a Celsius thermometer and observed the following: When the Celsius thermometer reads 30 degree (C=30), the Fahrenheit thermometer reads 86 degrees (F=86). When the Celsius thermometer reads 40 degrees, the Fahrenheit thermometer reads 104 degrees. Part 1 Use a formula to express F as a linear function of C. Part 2 At sea level, water boils at 212 degrees Fahrenheit. What temperature in degrees Celsius makes water boil? Part 3 Explain in practical terms what the slope means in this setting.
TEST YOUR UNDERSTADING FOR EXAMPLE 3.3 The State of New York also has an income tax. The tax table for New York shows that a single New York resident with a taxable income of 15,000 owes 671 in New York income tax. If the taxable income is 15,500, then the table shows a tax liability of 701. Assume that the state tax is a linear function of taxable income, and find the tax owed if the taxable income is 15,350. EXAMPLE 3.3 OKLAHOMA INCOME TAX The amount of income tax T=T(l), in dollars, owed to the state of Oklahoma is a linear function of the taxable income l, in dollars, at least over a suitably restricted range of incomes. According to the Oklahoma Income Tax table for the year 2015, a single Oklahoma resident taxpayer with a taxable income of 15,000 owes 579 in Oklahoma income tax. In functional notation, this is T(15,000)=579. If the taxable income is 15,500, then the table shows a tax liability of 605. Part 1 Calculate the rate of change in T with respect to I, and explain in practical terms what it means. Part 2 How much does the taxpayer owe if the taxable income is 15,350?

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