The Unit Selling Price P (In Dollars) and the Quantity

question 242

Multiple Choice

The unit selling price p (in dollars) and the quantity demanded (in pairs) of a certain brand of women's gloves is given by the demand equation . What is the marginal revenue to the nearest cent per day when x = 10?

• A)The marginal revenue when x = 10 is $160 per day.
• B)The marginal revenue when x = 10 is $147.41 per day.
• C)The marginal revenue when x = 10 is $0.99 per day.
• D)The marginal revenue when x = 10 is $158.41 per day.

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Definitions:

Endowment Contribution

A donation made to an organization with the stipulation that the principal is to remain intact in perpetuity or for a defined period, generating income for use.

Deferral Method

A method used in accounting to postpone the recognition of expenses or revenues to a future period.

Donation Recognition

The process of recording and acknowledging received donations in financial statements and reports.

Purchase of Land

The acquisition of real estate property through a financial transaction.