Answered: A regional satellite internet provider… | bartleby

Advanced Engineering Mathematics

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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**Scenario: Pricing and Revenue Analysis for a Regional Satellite Internet Provider**

A regional satellite internet provider has 5,000 customers paying $110 each month. In a study of pricing, it was determined that each $1 cut in price will increase the number of customers by 80.

- **The price that yields the maximum revenue would be: [Blank] per customer.**

- **The new number of customers would be: [Blank].**

- **The maximum revenue would be: [Blank].**

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This setup involves analyzing how changes in pricing can affect customer numbers and thereby impact the provider's overall revenue. The task is to calculate the optimal price point, the resulting number of customers, and the maximum possible revenue based on the provided information.

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