A Utility Company Faces Demand Given by Q = 40

question 70

Multiple Choice

A utility company faces demand given by q = 40 - 0.1p, where p is the price per unit.
If the company charges only one price, the price per unit that maximizes revenue is $____.

• A) 200
• B) 170
• C) 120
• D) 100

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Definitions:

Sweet Tastes

One of the basic tastes, perceived by the taste buds on the tongue, often associated with foods rich in sugars.

Genetic Makeup

The unique set of genes and alleles present in an organism, determining its hereditary characteristics.

Psychological

Psychological pertains to the mind or mental processes and how they influence behavior, emotions, and attitudes.

Behavioral

Relating to or concerned with the actions or activities of living organisms towards their environment.