Business, 24.02.2021 05:50 bear342

The relationship d = 5000 − 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between $10 and $50. (Chapter 1) a. How many units can be sold at the $10 price? How many can be sold at the $50 price?
b. Model the expression for total revenue.
c. Consider prices of $20, $30, and $40. Which of these three price alternatives will maximize total revenue? What are the values for demand and revenue at this price?

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The relationship d = 5000 − 25p describes what happens to demand (d) as price (p) varies. Here, pric...