Hercules Films Is Deciding on the Price of the Video $q = 10,000 - 200 p$

question 6

Multiple Choice

Hercules films is deciding on the price of the video release of its film "Son of Frankenstein". Its marketing people estimate that at a price of p dollars, it can sell a total of $q = 10,000 - 200 p$ copies. What price will bring in the greatest revenue Round your answer to the nearest cent

• A)$25.75
• B) $25.00
• C) $37.50
• D) $24.50
• E) $77.25

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Definitions:

Population

The entire group of individuals or items from which samples may be drawn for statistical measurements.

Extrasensory Perception

The claimed ability to obtain information without using the known five senses; also known as ESP or sixth sense.

Replicable

Characteristics of a study or experiment that allow it to be duplicated or repeated by other researchers to verify findings.

Inert Pill

A pill that contains no active ingredients, often used in medical studies as a control to test the effectiveness of treatments.