A movie rental company has 1000 subscribers, and each pays $15 per month. On the basis of a survey, company managers feel that for each decrease of $0.25 on the monthly rate, they could obtain 20 additional subscribers. At what rate will maximum revenue be obtained and how many subscribers will it take at that rate?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A movie rental company has 1000 subscribers, and each pays $15 per month. On the basis of a survey, company managers feel that for each decrease of $0.25 on the monthly rate, they could obtain 20 additional subscribers. At what rate will maximum revenue be obtained and how many subscribers will it take at that rate?

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