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A Company Sells Two Products Whose Demand Functions Are Given

Question 86

Multiple Choice

A company sells two products whose demand functions are given by x1 = 500 - 3p1 and x2 = 750 - 2.4p2 . So, the total revenue is given by R = x1p1 + x2p2 . Estimate the average revenue if the price p1 varies between $35 and $60 and the price p2 varies between $35 and $60.


A) $ 45,895
B) $ 48,045
C) $ 45,393
D) $ 46,910
E) $ 48,455

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