The Relationship D = 5000 − 25p Describes What Happens

Essay

The relationship d = 5000 − 25p describes what happens to demand (d)as price (p)varies.Here,price can vary between $10 and $50.
a.How many units can be sold at the $10 price? How many can be sold at the $50 price?
b.Model the expression for total revenue.
c.Consider prices of $20,$30,and $40.Which of these three price alternatives will maximize total revenue? What are the values for demand and revenue at this price?