Examlex

Solved

McRobert's TV Shop Sells 400 Sets Per Month, at a Price

question 222

Multiple Choice

McRobert's TV Shop sells 400 sets per month, at a price of $600 per unit. Market research indicates that the shop can sell one additional set for each $1 it reduces the price. The total revenue (in dollars) is given by McRobert's TV Shop sells 400 sets per month, at a price of $600 per unit. Market research indicates that the shop can sell one additional set for each $1 it reduces the price. The total revenue (in dollars)  is given by   , where x is the number of additional sets beyond the original 400. What is the marginal revenue if 300 more units are sold? ​ A)  0$1,600 B)  ​-$100 C)  0$400 D)  -$400 E)  0$800 , where x is the number of additional sets beyond the original 400. What is the marginal revenue if 300 more units are sold? ​


Definitions:

Free-Flowing Information

The unobstructed exchange or transmission of data, facts, ideas, and feedback within an organization or between individuals.

Social Support

Expression of empathy and concern for others that is communicated while listening to them and offering positive and encouraging words.

Downward Communication

The flow of information from higher levels of a hierarchy to lower levels within an organization or group.

Upward Communication

The flow of information from lower levels of a hierarchy to the higher levels, such as from employees to management.

Related Questions