Question: Question 7 1 / 1 pts Suppose that the demand function for good x is given by Q = 5 0 0 - 5 p

Question 7
1/1 pts
Suppose that the demand function for good x is given by Q=500-5p, where Q is quantity demanded of the good and p is the unit price of the good. Suppose further that the firm producing and selling x is currently charging $10 for this product. Its goal is to maximize the total revenues from the sale of X . Is $10 an optimal price?
No.
Yes.
Not enough info to evaluate.
Maybe.
Question 7 1 / 1 pts Suppose that the demand

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