Answer:
The function to represent the revenue received by the club is
Step-by-step explanation:
Given:
Total members in the Online shopping Club = 13,500
Membership Charge per month = $8
Increase in the Membership charge per month = $1
For each $1 monthly increase in membership fee, the club loses approximately = 500 members
To Find :
The function to represent the revenue received by the club when x is the price increase
Solution:
For Each month $1 increased is every month which leads to decrease in the members by 500
For 1 month , one dollar the decrease is
for 2 month , 2 dollar increase will lead to decrease of = 1000 members
So for x months
The decrease in the members = = 500x
Also the increase in the membership fee will be 8 + x
Now
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