At HD Sport and Fitness gym, analysis shows that, as the demand of the

zachutnat4o

zachutnat4o

Answered question

2021-11-14

At HD Sport and Fitness gym, analysis shows that, as the demand of the gym, the number of members is 86 when annual membership fee is $25 per member and the number of members is 84 when annual membership fee is $33 per member. As the operator of the gym, you found out that number of members (q) and membership fee (p) have a linear relationship.
A) At what membership price, p , is the revenue maximized?
p=
Round your answer to 2 decimal places.
B) What is the maximum annual revenue?
R=.
Round your answer to 2 decimal places.

Answer & Explanation

breisgaoyz

breisgaoyz

Beginner2021-11-15Added 14 answers

We find for (a)
R(p)=52+240p
52(86)2+240p
527396+240
We find for (b)
R=(q)=25q2+96p
=25(84)2+96q
257056+96q

Do you have a similar question?

Recalculate according to your conditions!

New Questions in Multivariable calculus

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?