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A demand function for step stools manufactured by U-Step is q = -720p + 20,500.

What is the revenue if the price per step stool is $17?

$140,420

$28,040

$7,540

$135,720

Respuesta :

Answer:

$140,420

Explanation:

The demand function is q = -720p + 20,500.

The price is $17

q = -720 ($17) + 20500 = 8260

The quantity sold is 8260

Revenue = price × quantity sold

= $17 × 8260 = $140,420

Answer:

$8260

Explanation:

q = –720p + 20,500

q = -720(17) + 20,500

q = -12240 + 20,500

q= 8260

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