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12 Nov 2019
Please explain each step. Thank you
In a particular city, a local telephone company currently serves 15,000 households and charges $40 per month. A recent city-wide survey performed by the company indicates that each $2 decrease m monthly charges will result in 1,000 new customers. Based on this information, what monthly charge will maximize the monthly revenue of the telephone company? A. $30 B. $35 C. $40 D. $45
Please explain each step. Thank you
In a particular city, a local telephone company currently serves 15,000 households and charges $40 per month. A recent city-wide survey performed by the company indicates that each $2 decrease m monthly charges will result in 1,000 new customers. Based on this information, what monthly charge will maximize the monthly revenue of the telephone company? A. $30 B. $35 C. $40 D. $45
Deanna HettingerLv2
19 Jul 2019