If the Demand Function for a Product Is Given by

question 15

Multiple Choice

If the demand function for a product is given by where p is the price per unit when x units are demanded, what is the total revenue when 90 units are demanded and supplied? Round your answer to the nearest cent. ​

• A)$5,146.82
• B)$7,318.25
• C)$199.96
• D)$2,975.38
• E)$40.66

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Definitions:

Amortized

The process of paying off a debt with a fixed repayment schedule in regular installments over a period of time.

Loan Payments

The regular payments made to repay borrowed money, typically including both principal and interest components.

Amortized

A process of paying off debt in regular installments over a period of time, where each payment is partially principal and partially interest.

Compounded Semi-annually

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.