The Consumer Demand Curve for Tissues Is Given By $q = ( 72 - p ) ^ { 2 }$

question 26

Multiple Choice

The consumer demand curve for tissues is given by
$q = ( 72 - p ) ^ { 2 }$
Where p is the price per case of tissues and q is the demand in weekly sales. At what price should tissues be sold to maximize the revenue Round your answer to the nearest cent.

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Definitions:

Equity Trusts

Investment funds that hold a diversified portfolio of equities or stocks, managed by a trustee for the benefit of its beneficiaries.

Mortgage Trusts

Investment funds or trusts that pool investments in mortgage loans or mortgage-backed securities.

Construction Loans

Short-term loans provided to finance the building or renovation of a property, typically requiring interest-only payments during construction and full repayment upon completion.

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The weighted average of all the maturities of the bonds in a portfolio, reflecting the portfolio's sensitivity to interest rate changes.