Answered: A cable TV company has 3200 customers…

A cable TV company has 3200 customers paying $130 each month. If each $1 reduction in price attracts 50 new customers, find the price that yields maximum revenue. Find the maximum revenue. 2$

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter2: Functions And Graphs

Section2.4: Writing And Graphing Equations Of Lines

Problem 9SC

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A cable TV company has 3200 customers paying $130 each month. If each $1 reduction in price attracts 50 new customers, find the price that yields maximum revenue.
$
Find the maximum revenue.
$
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