document.write( "Question 463707: A magazine has a circulation of 140 thousand per month when they charge $2.50 for a magazine. For each $0.10 increase in price, 5 thousand sales are lost. How much should be charged per magazine to maximize revenue? \n" ); document.write( "
Algebra.Com's Answer #317690 by robertb(5830)![]() ![]() You can put this solution on YOUR website! R(x) = (2.5 + 0.10x)(140 - 5x) = \n" ); document.write( "\n" ); document.write( "revenue attains a maximum when \n" ); document.write( "\n" ); document.write( "Hence to maximize revenue each magazine should be priced at 2.5 + 0.10*1.5 = $2.65. \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |