Newsletters A newsletter has a maximum audience of 100 subscribers. The publisher estimates that she will lose
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Question:
Newsletters A newsletter has a maximum audience of 100 subscribers. The publisher estimates that she will lose 1 reader for each dollar she charges. Therefore, if she charges x dollars, her readership will be (100 – x).
a. Multiply this readership by x (the price) to find her total revenue. Multiply out the resulting quadratic function.
b. What price should she charge to maximize her revenue? [Hint: Find the value of x that maximizes this quadratic function.]
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