The Demand Equation for a Product Is $p = 40 - 0.0008 x$

question 44

Multiple Choice

The demand equation for a product is $p = 40 - 0.0008 x$ 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 $R = x p.$ How many units must be sold to produce a revenue of $200,000?

• A)5635 units or 54,580 units
• B)44,365 units or 74,090 units
• C)4580 units or 74,090 units
• D)5635 units or 44,365 units
• E)5635 units or 74,090 units

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Definitions:

Supply-Chain Management

The coordination and integration of logistics, purchasing, and operations to manage the flow of goods, services, and information from suppliers to customers efficiently.

Marketing

The process of promoting, selling, and distributing a product or service.

Quality Standards

Preset criteria that products, services, or processes must meet to ensure they are fit for their purpose and meet customer or regulatory requirements.

Tangible Product

A physical item that can be seen, touched, and possessed, in contrast to services or digital goods.