Solve the Problem $$x = - 6 p + 120 , \quad 0 \leq p \leq 20$$

question 196

Multiple Choice

Solve the problem.
-The price p (in dollars) and the quantity x sold of a certain product obey the demand equation $$x = - 6 p + 120 , \quad 0 \leq p \leq 20$$ What quantity x maximizes revenue? What is the maximum revenue?

• A) 60; $600
• B) 90; $450
• C) 30; $450
• D) 120; $600

---

Definitions:

Journalize

The act of documenting monetary transactions within a journal during a stage in the accounting cycle.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.

Journal Entry

A record in accounting that notes the debit and credit transactions affecting a company's financial statements.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and responsibilities.