You are planning to review the prices you charge clients for television ad development. You currently charge each client an hourly development fee of $2,800. With this pricing structure, the demand, measured by the # of contracts you signs per month, is 22 contracts. This is down 6 contracts from the figure last year, when your company charged only $2,200.
On average,you bill 50 hrs of production time on each contract. Give a formal for total revenue obtained by charging $p per hour.