Over three hundred thousand members?
An additional thirty-three dollars?
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?
2 answers
An additional 33 people?
2 answers