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:

Negotiated

A process where two or more parties discuss and come to a mutual agreement on terms and conditions, often in the context of contracts or agreements.

Indorse

Refers to the act of signing the back of a negotiable instrument, such as a check, in order to transfer ownership or to approve the terms.

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Negotiation

Negotiation is a process of discussion aimed at reaching an agreement where two or more parties with different needs and goals discuss an issue to find a mutually acceptable solution.