Hamed own a local gold market that currently has 4693401 subscriber in Instagram at a quarterly charge of R.O. 18. He notices that if he raises the price of his commodity to R.O. (18 + 4), he will lose 8549 subscriber. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.6: The Rectangular Coordinate System And Graphs
Problem 7ECP
icon
Related questions
Topic Video
Question

Hamed own a local gold market that currently has 4693401 subscriber in Instagram at a quarterly charge of
R.O. 18. He notices that if he raises the price of his commodity to R.O. (18 + 4), he will lose 8549 subscriber.
Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a
quarterly subscription to maximize his revenue?

Expert Solution
steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,