The Relationship Between the Number of Calculators a Company Sells

question 47

Multiple Choice

The relationship between the number of calculators a company sells per week, x , and the price p of each calculator is given by the equation . At what price should the calculators be sold if the weekly revenue is to be ? ( Hint : The equation for revenue is .)

• A)$2
• B)$2 and $5
• C)$7
• D)$2 and $7
• E)$7 and $10

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Definitions:

Marginal Costs

The cost incurred by producing one additional unit of a product.

Industry Output

The total product or service produced by companies within a specific sector or industry.

Noncooperative Behavior

Actions in a competitive environment where entities act independently without collaboration, potentially leading to less optimal outcomes.

Marginal Costs

The increase in aggregate expenses due to the production of an additional unit of a good or service.