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​When the Price of a Glass of Lemonade at a Lemonade

Question 133

Multiple Choice

​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​


A) ​ ​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​ A)  ​   B)  ​   C)  ​   D)  ​   E)  ​
B) ​ ​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​ A)  ​   B)  ​   C)  ​   D)  ​   E)  ​
C) ​ ​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​ A)  ​   B)  ​   C)  ​   D)  ​   E)  ​
D) ​ ​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​ A)  ​   B)  ​   C)  ​   D)  ​   E)  ​
E) ​ ​When the price of a glass of lemonade at a lemonade stand was $1.75,400 glasses were sold.When the price was lowered to $1.50,500 glasses were sold.Assume that the demand function is linear and that the marginal and fixed costs are $0.10 and $25,respectively.Find the profit P as a function of x,the number of glasses of lemonade sold. ​ A)  ​   B)  ​   C)  ​   D)  ​   E)  ​

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