A Major Software Developer Has Estimated the Demand for Its

question 60

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:

CSV File

A plain text file that stores tabular data in a simple format, with commas used to separate values, making it widely supported and useful for moving data between different programs.

Linked Table

In databases, a table that is connected to another table through a common field, allowing for relational data management.

Area Chart

A type of chart that represents quantities over time, shaded between lines and a baseline, typically used in statistics and business.

Cumulative Totals

Aggregated sums that increase over time by adding successive amounts.