A Company Manufactures Diskettes for Home Computers

question 284

Essay

A company manufactures diskettes for home computers. It knows from experience that the number of diskettes it can sell each day, x , is related to the price p per diskette by the equation . At what price should the company sell the diskettes if it wants the daily revenue to be $5,400? ( Hint : The equation for revenue is .)

---

Definitions:

GAAP Definition

Generally Accepted Accounting Principles; a standard framework of guidelines for financial accounting used in any given jurisdiction, generally known for ensuring consistency and transparency.

Nonreciprocal Transaction

Transactions where one party transfers resources or obligations without directly receiving anything of approximately equal value in exchange.

Unconditional Promises

Commitments made by an entity that do not depend on future events or conditions for their execution.