Question: Multiple Choice Questions The weekly demand for an LED television is P=6-0.050 where P denotes the wholesale unit price in dollars and Q denotes the



Multiple Choice Questions The weekly demand for an LED television is P=6-0.050 where P denotes the wholesale unit price in dollars and Q denotes the quantity demanded. The exact change in total revenue as output (Q) increases from 10 to 11 units is: * 4.95 O 5 O 4.9 We are using Cramer's rule to solve the following equations 3P+4Q=45 5P-3Q=46 AP and AQ are equal to * AP=319 and AQ=87 O AP--87 and AQ=-319 O AP=-319 and AQ=-87 O AP=-39 and AQ=-87 The weekly demand for an LED television is P=6-0.05Q where P denotes the wholesale unit price in dollars and Q denotes the quantity demanded. The turning point is a: * O Minimum point because y'=-0.10 Maximum point because y'=-0.130 O Minimum point because y*=0.1>0 The weekly demand for an LED television is P=6-0.05Q where P denotes the wholesale unit price in dollars and Q denotes the quantity demanded. The turning point for the total revenue function is: * Q_turningpoint=50 and TR_turningpoint=140 O Q_turningpoint=61 and TR turningpoint=180 O Q_turningpoint=60 and TR-turningpoint=180 Q_turningpoint=60 and TR turningpoint=140
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
