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Bitter
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The problem is this
A cable television firm presently serves 5000 households and charrges 20 dollars per month. A marketing survey indicates that each decrease of 1 dollar in the monthly charge will result in 500 new customers. Let R(x) denote the total monthly revenue when the monthly charge is x dollars.
Determine the revenue function R
The back of the book says
R(x)=500x(30-x)
I don't see where the 30 comes from, can anyone tell me?
A cable television firm presently serves 5000 households and charrges 20 dollars per month. A marketing survey indicates that each decrease of 1 dollar in the monthly charge will result in 500 new customers. Let R(x) denote the total monthly revenue when the monthly charge is x dollars.
Determine the revenue function R
The back of the book says
R(x)=500x(30-x)
I don't see where the 30 comes from, can anyone tell me?