Hamed own a local gold market that currently has 1159129 subscriber in Instagram at a quarterly charge of R.O. 19. He notices that if he raises the price of his commodity to R.O. (19 + 4), he will lose 9127 subscriber. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue?
Hamed own a local gold market that currently has 1159129 subscriber in Instagram at a quarterly charge of R.O. 19. He notices that if he raises the price of his commodity to R.O. (19 + 4), he will lose 9127 subscriber. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 106E
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Hamed own a local gold market that currently has 1159129 subscriber in Instagram at a quarterly charge of R.O. 19. He notices that if he raises the price of his commodity to R.O. (19 + 4), he will lose 9127 subscriber. Assuming that subscriptions are linearly related to the price, what price should Hamed charge for a quarterly subscription to maximize his revenue?
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