Solve the Problem $p$ And the Quantity $x$ Sold of a Certain Product Obey the Demand Equation

question 60

Multiple Choice

Solve the problem.
-The price $p$ and the quantity $x$ sold of a certain product obey the demand equation
$$p = - \frac { 1 } { 6 } x + 200 , \quad 0 \leq x \leq 1,200 \text {. }$$
What quantity $x$ maximizes revenue? What is the maximum revenue?

• A) \(600 ; \$ 60,000\)
• B) \(900 ; \$ 45,000\)
• C) \(300 ; \$ 45,000\)
• D) 1,\(200 ; \$ 60,000\)

Recognize the financial statement classification of dividends and treasury shares.

Understand the impact of share transactions on shareholders’ equity.

Identify different types of preference shares and their features.

Recognize the effects of bonus issues, share dividends, and share splits on share price and shareholders' equity.

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