A Company Sells Two Products Whose Demand Functions Are Given

question 86

Multiple Choice

A company sells two products whose demand functions are given by x₁ = 500 - 3p₁ and x₂ = 750 - 2.4p₂ . So, the total revenue is given by R = x₁p₁ + x₂p₂ . Estimate the average revenue if the price p₁ varies between $35 and $60 and the price p₂ varies between $35 and $60.

• A) $ 45,895
• B)$ 48,045
• C)$ 45,393
• D)$ 46,910
• E)$ 48,455

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