You operate a gaming website, www.mudbeast.net, where users must pay a small fee to log on. When you charged $4 the demand was 530 log-ons per month. When you lowered the price to $3.50, the demand increased to 795 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) =     (b) Your Internet provider charges you a monthly fee of $20 to maintain your site. Express your monthly profit P as a function of the log-on fee x. P(x) =     Determine the log-on fee you should charge to obtain the largest possible monthly profit (in dollars). x = $ What is the largest possible monthly profit (in dollars)? $

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
Problem 8CR: Working on a Commission A certain man works in sales and earns a base salary of 1000 per month plus...
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Website Profit   You operate a gaming website, www.mudbeast.net, where users must pay a small fee to log on. When you charged $4 the demand was 530 log-ons per month. When you lowered the price to $3.50, the demand increased to 795 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) =
 
 
(b)
Your Internet provider charges you a monthly fee of $20 to maintain your site. Express your monthly profit P as a function of the log-on fee x.
P(x) =
 
 
Determine the log-on fee you should charge to obtain the largest possible monthly profit (in dollars).
x = $
What is the largest possible monthly profit (in dollars)?
$

 

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