The Demand for a Stethoscope Is Given by Where P

question 94

Multiple Choice

The demand for a stethoscope is given by where p is the unit price ( in dollar) and x is the number of units.The total revenue R (in dollars) obtained by producing ans selling x units given by the model Write and solve an equation to determine a price that yields revenue of $50 million.Use a graphing utility to verify your result.

• A) Because the solutions are imaginary, there is no quantity of units x or price p that will yield a revenue of $50 million.
• B) Because the solutions are imaginary, there is no quantity of units x or price p that will yield a revenue of $75 million.
• C) Because the solutions are imaginary, there is no quantity of units x or price p that will yield a revenue of $25 million.
• D) Because the solutions are imaginary, there is no quantity of units x or price p that will yield a revenue of $60 million.
• E) Because the solutions are imaginary, there is no quantity of units x or price p that will yield a revenue of $80 million.

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Definitions:

Current State

The existing conditions or situation of an organization, system, or process at a given point in time.

Unfreezing Process

The initial stage of change in an organization, aiming to dismantle existing mindsets and strategies.

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A motivational factor that drives individuals or organizations to change due to the fear of failure or extinction.

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