If the Demand Function for Tickets to a Play Is

question 2

Multiple Choice

If the demand function for tickets to a play is q = 3,800 - 95p, at what price will total revenue be maximized?

• A) $80
• B) $40
• C) $20
• D) $10
• E) none of the above.

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Definitions:

Objections

Resistance or doubts expressed by a potential customer, highlighting concerns or questions regarding a product or service.

Prospect's Objection(s)

Concerns or doubts raised by a potential customer that a salesperson needs to address to move forward with a sale.

Sales Call

A professional interaction, typically initiated by a salesperson, with a potential or current customer aimed at selling a product or service.

Responding

The act of providing a reply or reaction to a stimulus or query, especially in the context of communication with customers or within sales interactions.