Suppose the Price P of Bolts Is Related to the Quantity

question 85

Multiple Choice

Suppose the price p of bolts is related to the quantity q that is demanded by: $$p = 550 - 4 q ^ { 2 }$$ where q is measured in hundreds of bolts. Find the price when the number of bolts demanded is 800.

• A) $309
• B) $314
• C) $294
• D) $304

---

Definitions:

White Knight

A post-offer technique where a target company invites another suitor to outbid a hostile bidder. The second suitor agrees that it will retain the existing management.

Hostile Bidder

An entity attempting to acquire another firm against the wishes of the target company's management and board.

Friendly Suitor

A company or individual that makes a benign and often consensual offer to buy or merge with another company, as opposed to a hostile takeover.

Public Relations Campaign

A strategic communication process that builds mutually beneficial relationships between organizations and their publics.