Mathematics, 11.10.2020 18:01 hmjjones
A club currently has 360 members who $300 per month for membership dues. The club’s board members want to increase monthly revenue by lowering the monthly dues in hopes of attracting new members. A market research study has shown that each $1 decrease in the monthly membership price, an additional 2 people will join the club. What price should the club be charge to maximize revenue? What is the maximum revenue?
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A club currently has 360 members who $300 per month for membership dues. The club’s board members wa...
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