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The relationship d = 1000 - 50p describes what happens to demand (d) as price (p) varies. Here, price can vary between $2 and $10.

A. How many units can be sold at the $2 price? How many can be sold at the $10 price?

B. Model the expression for total revenue.

C. Consider prices of $6, $6, $8. Which price alternative will maximize total revenue? What ae the values for demand and revenue at this price?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91390579

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