Homework Help is Here – Start Your Trial Now!
Math
Calculus
You operate a gaming Web site where users pay a small fee to log on. When you charge $2 the demand was 280 log-ons per month. When you lowered the price to $1.50, the demand increased to 593 log-ons per month Construct a linear demand function for your Web site and hence obtain the monthly revenue R as a function of the log-on fee p. Your internet provider charges you a monthly fee of 30 to maintain your site. There is no cost per log-on. Express your monthly profit P as a function of the log-on fee p. Now determine the log-on fee you should charge to obtain the largest possible monthly profit: dollars. What is the largest possible monthly profit? dollars per month

You operate a gaming Web site where users pay a small fee to log on. When you charge $2 the demand was 280 log-ons per month. When you lowered the price to $1.50, the demand increased to 593 log-ons per month Construct a linear demand function for your Web site and hence obtain the monthly revenue R as a function of the log-on fee p. Your internet provider charges you a monthly fee of 30 to maintain your site. There is no cost per log-on. Express your monthly profit P as a function of the log-on fee p. Now determine the log-on fee you should charge to obtain the largest possible monthly profit: dollars. What is the largest possible monthly profit? dollars per month

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
See similar textbooks
icon
Related questions
Question
You operate a gaming Web site where users pay a small fee to log on. When you charge $2 the demand was 280 log-ons per month. When you lowered the price to $1.50, the demand increased to 593 log-ons per month Construct a linear demand function for your Web site and hence obtain the monthly revenue R as a function of the log-on fee p. Your internet provider charges you a monthly fee of 30 to maintain your site. There is no cost per log-on. Express your monthly profit P as a function of the log-on fee p. Now determine the log-on fee you should charge to obtain the largest possible monthly profit: dollars. What is the largest possible monthly profit? dollars per month
Transcribed Image Text:You operate a gaming Web site where users pay a small fee to log on. When you charge $2 the demand was 280 log-ons per month. When you lowered the price to $1.50, the demand increased to 593 log-ons per month Construct a linear demand function for your Web site and hence obtain the monthly revenue R as a function of the log-on fee p. Your internet provider charges you a monthly fee of 30 to maintain your site. There is no cost per log-on. Express your monthly profit P as a function of the log-on fee p. Now determine the log-on fee you should charge to obtain the largest possible monthly profit: dollars. What is the largest possible monthly profit? dollars per month
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
SEE MORE TEXTBOOKS