Concept explainers
In Problems 1-8, total revenue is in dollars and x is the number of units.
Suppose that demand for local cable TV service is given by
(a) Find the total revenue as a function of the number of subscribers (in hundreds).
(b) Find the number of subscribers when the company charges $80 per month for cable service. Then find the total revenue for p = $80.
(c) How could the company attract more subscribers?
(d) Find and interpret the marginal revenue when the price is $80 per month. What does this suggest about the monthly charge to subscribers?
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Chapter 9 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Algebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning