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In a Small, Specialty Door-Locks Business, Demand Is Given By \mathrm{d}=100-2

Question 36

Multiple Choice

In a small, specialty door-locks business, demand is given by d=1002p\mathrm{d}=100-2 \mathrm{p} , where d\mathrm{d} is the monthly demand in units and p\mathrm{p} is the price per unit. Identify the expression that correctly captures


A) total sales revenue
B) It is easier to plot
C) Local maximum is less than global maximum
D) Local minimum is equal to global minimum
E) Local minimum is greater than global minimum

Correct Answer:

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