A Linear Revenue Function Is , Where X Represents

question 193

Multiple Choice

A linear revenue function is , where x represents the number of units sold. What is the revenue received from selling one more item if 50 are currently being sold? Round your answer to the nearest cent. ​

• A) $1,377.00
• B) $50.00
• C) $1,350.00
• D) $27.00
• E) $2,079.00

---

Definitions:

Marginal Revenue Curve

A graphical representation that shows how the marginal revenue varies as the quantity of output is changed, typically downward sloping for firms facing downward sloping demand curves.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on costs but on what the seller believes each customer can afford or is willing to pay.

Tying

A marketing strategy where a company requires consumers to buy a secondary product or service together with a primary product.

Razors and Razor Blades

A business model where a main product is sold at a low price to increase sales of a complementary product, which is where the profit is made.