Asked by Janice
A club currently has
300300
members who pay
$ 400$400
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 for each
$ 1$1
decrease in the monthly membership price, an additional
33
peoplepeople
will join the club. What price should the club charge to maximize revenue? What is the maximum revenue?
300300
members who pay
$ 400$400
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 for each
$ 1$1
decrease in the monthly membership price, an additional
33
peoplepeople
will join the club. What price should the club charge to maximize revenue? What is the maximum revenue?
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