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A Cable Television Firm Presently Serves 4,600 Households and Charges

Question 23

Multiple Choice

A cable television firm presently serves 4,600 households and charges $16 per month. A marketing survey indicates that each decrease of $1 in the monthly charge will result in 460 new customers. Let R(x) denote the total monthly revenue when the monthly charge is x dollars. Find the value of x that results in maximum monthly revenue.


A) $3
B) $9
C) $16
D) $13
E) $15

Correct Answer:

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