The Demand Equation for a Product Is $p = 60 - 0.005 x,$

question 30

Multiple Choice

The demand equation for a product is $p = 60 - 0.005 x,$ where $p$ is the price per unit and $x$ is the number of units sold. The total revenue $R$ for selling $x$ units is given by $R = x p = x ( 60 - 0.005 x ) .$ How many units must be sold to produce a revenue of $180,000?

• A)12,000 units
• B)6000 units
• C)18,000 units
• D)24,000 units
• E)30,000 units

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Definitions:

Emotional

Pertaining to feelings or affective states, often influencing behavior, thought processes, and physical states.

Reality Principle

A concept in psychoanalytic theory that represents the ability of the mind to assess the external world and act upon it accordingly, often seen as a counter to the pleasure principle.

Id's Desires

The component of Sigmund Freud's psychoanalytic theory that encompasses the instinctual and primitive impulses driving human behavior.

Gratification

The satisfaction or pleasure one feels when their needs or desires are fulfilled.