A health club offers memberships at the rate of $300, provided that at least 50 people join. For each member in excess of 50, the membership fee will be reduced by $2 for all members. Due to space limitations, at most 125 memberships will be sold. How many memberships should the club sell in order to maximize its revenue? O 125 O 75 O 50 O 100 O none of these

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question
A health club offers memberships at the rate of $300, provided that at least 50 people join. For each member in excess of 50, the membership fee will be reduced by $2 for all members. Due to space limitations, at most 125 memberships will be sold. How many memberships should the club sell in order to maximize its revenue?

- 125
- 75
- 50
- 100
- none of these
Transcribed Image Text:A health club offers memberships at the rate of $300, provided that at least 50 people join. For each member in excess of 50, the membership fee will be reduced by $2 for all members. Due to space limitations, at most 125 memberships will be sold. How many memberships should the club sell in order to maximize its revenue? - 125 - 75 - 50 - 100 - none of these
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning