The Quantity Demanded Per Month of an Item Is Related

question 45

Short Answer

The quantity demanded per month of an item is related to the unit price by the demand equation , where p is measured in dollars and x is measured in units of a thousand. How many items must be sold by the manufacturer to maximize its revenue? Hint: Recall that the revenue is given by

---

Definitions:

Material

The substance or substances out of which a thing is or can be made.

Instructor Assigns

When a teacher or instructor gives out tasks, readings, or projects for students to complete.

Homework

Assignments given to students to complete outside of the classroom to reinforce learning or prepare for future lessons.

Questions

Inquiries or prompts seeking information, clarification, or responses from others.