January 31, 2015

Homework Help: math

Posted by liz on Saturday, October 16, 2010 at 9:33pm.

You operate a gaming Web site, where users must pay a small fee to log on. When you charged $4 the demand was 510 log-ons per month. When you lowered the price to $3.50, the demand increased to 765 log-ons per month.
(a) Construct a linear demand function for your web site and hence obtain the monthly revenue R as a function of the log-on fee x.
q(x) =
Your answer is correct.
R(x) =
Your answer is correct.

(b) Your Internet provider charges you a monthly fee of $30 to maintain your site. Express your monthly profit P as a function of the log-on fee x.
P(x) =
Your answer is correct.

Determine the log-on fee you should charge to obtain the largest possible monthly profit.
$ 4Your answer is incorrect.

What is the largest possible monthly profit?

Answer this Question

First Name:
School Subject:

Related Questions

Algebra - You operate a gaming Web site, where users must pay a small fee to log...
math - Logarithm!!! Select all of the following that are true statements: (a) ...
Math Help Please - Which of the following expressions is equal to log (x sqrt-y...
Mathematics - Prove that log a, log ar, log ar^2 is an a.p. Is the following ...
math(Please help) - 1) use the properties of logarithms to simplify the ...
math - write as a single logarithm: -2logbase3(1/x)+(1/3)logbase3(square root of...
Algebra 2 - how do not understand how to do this Log X + Lob (X-3) = 1 I know I ...
Math/trig - Log radical b/ a^2 is equivalent to 1) 1/2 log b + 1/2 log a 2) l/2 ...
Trigonometry - This is a logs question If u=x/y^2, which expression is ...
college algebra - Write expression as one logarithm and simplify if appropriate...