Solve the Problem $$p = - \frac { 1 } { 5 } x + 500 , \{ x \mid 0 \leq x \leq 500 \}$$

question 244

Multiple Choice

Solve the problem.
-The price p and the quantity x sold of a certain product obey the demand equation: $$p = - \frac { 1 } { 5 } x + 500 , \{ x \mid 0 \leq x \leq 500 \}$$ What is the revenue to the nearest dollar when 400 units are sold?

• A) $10,000
• B) $250,000
• C) $232,000
• D) $168,000

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Definitions:

Foreign Subsidiary

A company that is owned or controlled by another company (parent company) and is located in a different country.

Functional Currency

The form of money prevalent in the primary financial setting where an organization conducts its operations and accrues cash flows.

Common Shares

Securities representing ownership in a corporation, providing voting rights and entitling holders to a share of the company's success through dividends and appreciation.

Hyper-Inflationary

Refers to an economic situation characterized by extremely high and typically accelerating inflation rates, leading to a rapid erosion of the currency's value.