Total Revenue Is in Dollars and X Is the Number

question 203

Multiple Choice

Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by , where x is the number of units and p is the price in dollars. Find the total revenue from the sale of 200 units. ​

• A)$4,000
• B)$27,880
• C)$120
• D)$200
• E)$20

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Definitions:

Financial Plan

A comprehensive evaluation of an individual's current and future financial state by using currently known variables to predict future cash flows, asset values, and withdrawal plans.

Economic Plan

A systematic strategy formulated to achieve financial growth or stability within a country, organization, or household.

Commercial Capitalists

Individuals or entities engaged in the buying, selling, and distribution of goods with the aim of profit, often influential in the development of the modern economic system.

Federal Government

The national government of a federation, which holds the authority to govern issues that affect the entire country, such as defense, foreign policy, and currency regulation.