Multiple Choice
Assume the demand curve for t-shirts is Q = 180 - 15P or P = 12 - .0667 Q. When are total revenues maximized?
A) When the price is $3.00.
B) When the price is $6.00.
C) When the price is $8.00.
D) When the price is $6.66
Correct Answer:
Verified
Correct Answer:
Verified
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