A cable TV company has 5,600 customers paying $130 each month. Suppose each $1 reduction in price attracts 50 new customers. Let xr represent the amount of reduction in price (in dollars). Find R(x), the total revenue function (in dollars). R(x) = Find RTX) R(x)= Find the price that yields maximum revenue. $

A cable TV company has 5,600 customers paying $130 each month. Suppose each $1 reduction in price attracts 50 new customers. Let xr represent the amount of reduction in price (in dollars). Find R(x), the total revenue function (in dollars). R(x) = Find RTX) R(x)= Find the price that yields maximum revenue. $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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