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 510 log-ons per month. When you lowered the price to $2.50, the demand increased to 765log-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 $10 to maintain your site. Express your monthly profit P as a function of the log-on fee x. HINT [See Example 4.] P(x) = Determine the log-on fee you should charge to obtain the largest possible monthly profit. x = $ What is the largest possible monthly 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 510 log-ons per month. When you lowered the price to $2.50, the demand increased to 765log-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 $10 to maintain your site. Express your monthly profit P as a function of the log-on fee x. HINT [See Example 4.] P(x) = Determine the log-on fee you should charge to obtain the largest possible monthly profit. x = $ What is the largest possible monthly profit? $

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter3: Functions And Graphs

Section3.3: Lines

Problem 60E

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