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The Demand Equation for a Product Is p=600.005x,p = 60 - 0.005 x,

Question 32

Multiple Choice

The demand equation for a product is p=600.005x,p = 60 - 0.005 x, where pp is the price per unit and xx is the number of units sold. The total revenue RR for selling xx units is given by R=xp=x(600.005x) .R = x p = x ( 60 - 0.005 x ) . How many units must be sold to produce a revenue of $180,000?


A) 12,000 units
B) 6000 units
C) 18,000 units
D) 24,000 units
E) 30,000 units

Correct Answer:

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