A Manufacturer Has Been Selling 1,200 Television Sets a Week

question 105

Multiple Choice

A manufacturer has been selling 1,200 television sets a week at $400 each.A market survey indicates that for each $30 rebate offered to the buyer, the number of sets sold will increase by 60 per week.Find the demand function.Select the correct Answer

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Definitions:

Intrinsic Motivation

The drive to engage in an activity for its own sake and the personal gratification it brings, rather than for some external reward.

Extrinsic Motivation

The drive to perform actions or engage in behaviors due to external rewards or pressures rather than for intrinsic satisfaction.

Intrinsic Locus Control

The belief that individuals can control events that affect them because of traits or abilities they possess.

Extrinsic Locus Control

A belief that external forces or situations beyond one's personal control determine life events and outcomes.