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The relationship d=5,10026p describes what happens to demand (d) as price (p) varies. Here, price can vary (a) How many units can be sold at
The relationship d=5,10026p describes what happens to demand (d) as price (p) varies. Here, price can vary (a) How many units can be sold at the $30 price? units How many units can be sold at the $70 price? units (b) Model the expression for total revenue (TR) in terms of p. TR= (c) Consider prices of $40,$50, and $60. Which of these three price alternatives will maximize total revenue? $40$50$60 What is the value for demand (in units) at this price? units What is the value for revenue (in dollars) at this price? $
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