A Major Software Developer Has Estimated the Demand for Its

question 29

Multiple Choice

A major software developer has estimated the demand for its new personal finance software package to be Q = 1,000,000P^-1.40 while the total cost of the package is C = 100,000 + 20Q. If this firm wishes to maximize profit, what percentage markup should it place on this product?

• A) 220%
• B) 290%
• C) 250%
• D) 190%
• E) 300%

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Definitions:

Expressions

The process of conveying thoughts, feelings, or intentions through verbal or non-verbal means such as facial movements, body language, and speech.

Nonverbal Messages

Communication that involves transmitting messages without using words, including gestures, body language, facial expressions, and tone of voice.

Albert Mehrabian

A psychologist renowned for his work on non-verbal communication and the 7%-38%-55% rule regarding the elements of effective communication.

Speaker

An individual who delivers a speech or presentation to an audience.