The Relationship D = 5000 - 25p Describes What Happens

question 2

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?

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Definitions:

Spontaneous

Occurring without external cause, force, or planning; arising naturally or impulsively.

Imaginative

Characterized by the ability to think of new and original ideas or concepts beyond conventional patterns.

Improvisation

The act of creating or performing something spontaneously without prior preparation.

"Yes,and"

A principle stemming from improvisational theater that encourages the acceptance of contributed ideas and building upon them, often used to foster creativity and collaboration.