the question is:
A magazine has a circulation of 140 thousand per month when they charge $2.50 for a magazine. For each $.10 increase in price, 5 thousand sales are lost. How much should be charged per magazine to maximize revenue?
I need the answer AND most importantly the work leading up to it, so I can beat my teacher to it and get extra credit. HELP ME hERE!
A magazine has a circulation of 140 thousand per month when they charge $2.50 for a magazine. For each $.10 increase in price, 5 thousand sales are lost. How much should be charged per magazine to maximize revenue?
I need the answer AND most importantly the work leading up to it, so I can beat my teacher to it and get extra credit. HELP ME hERE!