Your latest CD - ROM drive is expected to sell between $q = 200,000 - p ^ { 2 }$ and $q = 230,000 - p ^ { 2 }$
Units if priced at p. You plan to set the price between $200 and $400. What are the maximum and minimum possible revenues you can make What is the average of all the possible revenues you can make

A)$36,800,000,000, $8,000,000,000, $140,166,667
B) $38,000,000, $16,000,000, $34,500,000
C) $36,800,000,000, $8,000,000,000, $73,500,000
D) $45,960,000, $79,840,000, $3,120,000
E) $92,000,000, $40,000,000, $774,000,000,000,000

Question

Your latest CD - ROM drive is expected to sell between   $q = 200,000 - p ^ { 2 }$ and $q = 230,000 - p ^ { 2 }$  
Units if priced at p. You plan to set the price between $200 and $400. What are the maximum and minimum possible revenues you can make  What is the average of all the possible revenues you can make 
 
A)$36,800,000,000, $8,000,000,000, $140,166,667
B) $38,000,000, $16,000,000, $34,500,000
C) $36,800,000,000, $8,000,000,000, $73,500,000
D) $45,960,000, $79,840,000, $3,120,000
E) $92,000,000, $40,000,000, $774,000,000,000,000

Quizplus · Accepted Answer

The maximum revenue occurs at the lowest price, and the minimum revenue occurs at the highest price. The average revenue is calculated by averaging the revenues over the price range.

Your Latest CD - ROM Drive Is Expected to Sell q=200,000−p2q = 200,000 - p ^ { 2 }q=200,000−p2

Your Latest CD - ROM Drive Is Expected to Sell $q = 200,000 - p ^ { 2 }$