The Relationship D = 5000  25p Describes What

question 1

Essay

The relationship d = 5000  25p describes what happens to demand (d)as price (p)varies.Here,price can vary between $10 and $50.
A)How many units can be sold at the $10 price? How many can be sold at the $50 price?
B)Model the expression for total revenue.
C)Consider prices of $20, $30, and $40. Which price alternative will maximize total revenue? What are the values for demand and revenue at this price?

• A)How many units can be sold at the $10 price? How many can be sold at the $50 price?
• B)Model the expression for total revenue.
• C)Consider prices of $20, $30, and $40. Which price alternative will maximize total revenue? What are the values for demand and revenue at this price?

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Definitions:

Eccentric

Characterized by or exhibiting unconventional and slightly strange behaviors or attitudes.

Psychopathic Traits

Characteristics often observed in individuals with psychopathy, including a lack of empathy, shallow emotions, and manipulativeness.

Impulsively

Acting or done without forethought, often as a result of an immediate stimuli or emotion rather than through consideration of potential consequences.

Multimillion-Dollar

Pertaining to a quantity or value that is several million dollars.