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Mathematics, 24.11.2020 17:30, kevo2024
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 520 log-ons per month. When you lowered the price to $3.50, the demand increased to 780 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 $30 to maintain your site. Express your monthly profit Pas 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.
x = $
What is the largest possible monthly profit?
$
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