Suppose that demand for local cable TV service is given by p = 126 -0.4x 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 p = $80. hundred dollars (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? O 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 = 126 -0.4x 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 p = $80. hundred dollars (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? O The revenue can be increased by lowering the monthly charges. The revenue can be increased by raising the monthly charges.
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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Transcribed Image Text:Suppose that demand for local cable TV service is given by
p = 126 -0.4x
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 p = $80.
hundred dollars
(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?
O The revenue can be increased by lowering the monthly charges.
O The revenue can be increased by raising the monthly charges.
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