A cable TV company has 12,000 customers and charges $16 per month for basic service. The managers believe they will lose 400 customers for every dollar they raise the monthly charge. Determine the monthly charge that will maximize their revenue.© BrainMass Inc. brainmass.com December 19, 2018, 10:38 pm ad1c9bdddf
Maximizing revenue is investigated. The solution is detailed and well presented.