Answer Questions based on the following:

KLST-FM is contemplating a T-shirt advertising campaign. Monthly sales data from T-shirt shops marketing the "Listen to KLST-FM" design indicate that:

Q = 15,000 - 800P or P = 18.75 - 0.00125Q

36) Based on the above, KLST-FM will sell 3,000 T-shirts at P = $15

A) True B) False

37)based on the above, KRDY-FM would have to charge $12.5 to sell 5,000 T-shirts.

A) True B) False

38)based on the above, the total revenue, TR, function is 18.75Q - 1.25Q2

A) True B) False

39)based on the above, The marginal revenue, MR, function is 18.75 - 0.0025Q

A) True B) False

40)based on the above, TR is at maximum when Q = 7,500 units and P = $9.375

A) True B) False