The inverse demand function for coffee is p = 50,000

Question

The inverse demand function for coffee is p = 50,000 - 2q, where q is the number of tons produced and p is the price per ton.Total revenue from coffee sales be maximized when the output level is
A)25,000 tons.
B)15,000 tons.
C)17,500 tons.
D)12,500 tons.
E)none of the above.

Quizplus · Accepted Answer

The Answer of The inverse demand function for coffee is p = 50,000 - 2q, where q is the number of tons produced and p is the price per ton.Total revenue from coffee sales be maximized when the output level is
A)25,000 tons.
B)15,000 tons.
C)17,500 tons.
D)12,500 tons.
E)none of the above.