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1.The most popular movie streaming service is Netflix. Netflix members pay a monthly fee and are then entitled to stream as many hours of programming

1.The most popular movie streaming service is Netflix. Netflix members pay a monthly fee and are then entitled to stream as many hours of programming as they wish. You've been hired by Netflix to determine the profit-maximizing monthly fee. You estimate that each customer's inverse demand for streaming is given by P=0.56-0.25Qwhere Q is measured in hours of streaming time. What is the most you should charge for a monthly Netflix membership? (You may assume Netflix can provide an hour of streaming at essentially zero marginal cost.)

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