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,\(200 ; \$ 60,000\)

Assess the effects of specific policy actions by the Federal Reserve on the economy.

Identify the most common problems for which individuals seek psychotherapy.

Understand the growing trend towards the use of biomedical therapies in mental health treatment.

Recognize factors influencing the likelihood of seeking treatment for psychological issues.

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Definitions:

Dreaming

The experience of envisioned images, sounds, or other sensations during sleep.

Awake

The state of being conscious, alert, and aware of one's surroundings, often contrasted with being asleep.

Philosophy

The field of inquiry into the big questions about such matters as the meaning of life, what we know, what we should believe and value, and how we should live.

Disagreement

A situation where individuals or groups have conflicting opinions, ideas, or interests.