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[-/4 Points] DETAILS WANEFMAC7 2.1.037. 0/2 Submissions Used MY NOTES ASK YOUR TEACHER Website Profit You operate a gaming website, www.mudbeast.net, where users must pay

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[-/4 Points] DETAILS WANEFMAC7 2.1.037. 0/2 Submissions Used MY NOTES ASK YOUR TEACHER Website Profit You operate a gaming website, www.mudbeast.net, where users must pay a small fee to log on. When you charged $4 the demand was 530 log-ons per month. When you lowered the price to $3.50, the demand increased to 795 log-ons per month. (a) Construct a linear demand function for your website and hence obtain the monthly revenue R as a function of the log-on fee x. R ( X ) = (b) Your Internet provider charges you a monthly fee of $20 to maintain your site. Express your monthly profit P as a function of the log-on fee x. P(x) = Determine the log-on fee you should charge to obtain the largest possible monthly profit (in dollars). x = $ What is the largest possible monthly profit (in dollars)? $ Show My Work (Optional)

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