A Utility Company Faces Demand Given by Q = 40

question 119

Multiple Choice

A utility company faces demand given by q = 40 - 0.1p, where p is the price per unit.
If the company adopts a two-tier pricing structure, the price per unit for the higher price that maximizes revenue is $____.

• A) 266.67
• B) 233.33
• C) 166.67
• D) 133.33

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A principle or legal doctrine that allows for recognition of foreign legal processes, provided they are consistent with local law and values.

National Unity

The sense of solidarity and cohesion among the citizens of a nation, often in pursuit of common goals or under shared identities.

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Officially accepted or enacted through proper legal or administrative procedures.

Union

An organization formed by workers in various sectors to protect and advance their rights, interests, and working conditions.