Question: 1. The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between PhP10 and

1. The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between PhP10 and Php50.

a. How many units can be sold at the PhP10 price? How many many can be sold at the PhP50 price?

b. Write the mathematical model for total revenue (R).

c. Consider prices PhP20, PhP30 and PhP40. Which of these three price alternative will maximize total revenue? What are the value for demand and revenue for this price?

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