A Utility Company Faces Demand Given by Q = 40

question 99

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 lower price that maximizes revenue is $____.

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

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