The Unit Price of X Units of a Certain Product

question 63

Multiple Choice

The unit price of x units of a certain product is given by . What is the maximum possible revenue when selling x units? Round answer to nearest dollar.

---

Definitions:

Gasoline

A volatile, flammable liquid primarily used as fuel in internal combustion engines.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.

Market Price

The ongoing rate at which an asset or service is being offered for buying or selling.

Shortage

An instance where the desire for a good or service outstrips its availability at a given price.