Suppose that demand for local cable TV service is given by p = 1200.4x where p is the monthly price per subscriber in dollars and x is the number of subscribers (in hundreds). (a) Find the total revenue R (in hundreds of dollars) as a function of the number of subscribers (in hundreds). R(x) = (b) Find the number of subscribers (in hundreds) when the company charges $80 per month for cable service. hundred subscribers Find the total revenue (in hundreds of dollars) for hundred dollars р = $80. (c) How could the company attract more subscribers? More subscribers are attracted by ---Select--- ✓ prices. (d) Find the marginal revenue (in hundreds of dollars per hundred subscribers) when the price is $80 per month. hundred dollars per hundred subscribers Interpret this value. For the number of subscribers associated with a price of $80 per month, as the number of subscribers (in hundreds) increases by 1, the revenue ---Select--- by (100) = $ What does the marginal revenue suggest about the monthly charge to subscribers? The revenue can be increased by lowering the monthly charges. The revenue can be increased by raising the monthly charges.
Suppose that demand for local cable TV service is given by p = 1200.4x where p is the monthly price per subscriber in dollars and x is the number of subscribers (in hundreds). (a) Find the total revenue R (in hundreds of dollars) as a function of the number of subscribers (in hundreds). R(x) = (b) Find the number of subscribers (in hundreds) when the company charges $80 per month for cable service. hundred subscribers Find the total revenue (in hundreds of dollars) for hundred dollars р = $80. (c) How could the company attract more subscribers? More subscribers are attracted by ---Select--- ✓ prices. (d) Find the marginal revenue (in hundreds of dollars per hundred subscribers) when the price is $80 per month. hundred dollars per hundred subscribers Interpret this value. For the number of subscribers associated with a price of $80 per month, as the number of subscribers (in hundreds) increases by 1, the revenue ---Select--- by (100) = $ What does the marginal revenue suggest about the monthly charge to subscribers? The revenue can be increased by lowering the monthly charges. The revenue can be increased by raising the monthly charges.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 24CR: An outpatient operating room charges each patient a fixed amount per surgery plus an amount per...
Question
![Suppose that demand for local cable TV service is given by
p = 1200.4x
where p is the monthly price per subscriber in dollars and x is the number of subscribers (in hundreds).
(a) Find the total revenue R (in hundreds of dollars) as a function of the number of subscribers (in hundreds).
R(x)
=
(b) Find the number of subscribers (in hundreds) when the company charges $80 per month for cable service.
hundred subscribers
Find the total revenue (in hundreds of dollars) for
hundred dollars
р = $80.
(c) How could the company attract more subscribers?
More subscribers are attracted by ---Select--- ✓ prices.
(d) Find the marginal revenue (in hundreds of dollars per hundred subscribers) when the price is $80 per month.
hundred dollars per hundred subscribers
Interpret this value.
For the number of subscribers associated with a price of $80 per month, as the number of subscribers (in hundreds) increases by 1, the revenue ---Select---
by
(100) = $
What does the marginal revenue suggest about the monthly charge to subscribers?
The revenue can be increased by lowering the monthly charges.
The revenue can be increased by raising the monthly charges.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4c08af9-5d4b-4492-bc1d-f80f84af0110%2Fa3ecbee2-6aeb-4f40-a63c-c343acb5c02d%2F703b65u_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose that demand for local cable TV service is given by
p = 1200.4x
where p is the monthly price per subscriber in dollars and x is the number of subscribers (in hundreds).
(a) Find the total revenue R (in hundreds of dollars) as a function of the number of subscribers (in hundreds).
R(x)
=
(b) Find the number of subscribers (in hundreds) when the company charges $80 per month for cable service.
hundred subscribers
Find the total revenue (in hundreds of dollars) for
hundred dollars
р = $80.
(c) How could the company attract more subscribers?
More subscribers are attracted by ---Select--- ✓ prices.
(d) Find the marginal revenue (in hundreds of dollars per hundred subscribers) when the price is $80 per month.
hundred dollars per hundred subscribers
Interpret this value.
For the number of subscribers associated with a price of $80 per month, as the number of subscribers (in hundreds) increases by 1, the revenue ---Select---
by
(100) = $
What does the marginal revenue suggest about the monthly charge to subscribers?
The revenue can be increased by lowering the monthly charges.
The revenue can be increased by raising the monthly charges.
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