Pregunta
Consider the market for a new
, where the price is initially
and 12 thousand copies are sold,
as indicated in the figure at point
.
The music company is considering lowering the price to
, at which price 20 thousand copies
would be sold.
What is total revenue at the initial price (at point
?
Revenue is initially
thousand.
as indicated in the figure at point
The music company is considering lowering the price to
would be sold.
What is total revenue at the initial price (at point
Revenue is initially
Ask by Whittaker Allan. in the United States
Mar 17,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
The total revenue at the initial price is $144 thousand.
Solución

¡Inicia sesión para desbloquear respuestas gratis!
Una plataforma de aprendizaje en la que confían millones de estudiantes y profesores reales.

Respondido por UpStudy AI y revisado por un tutor profesional
Como
Bonus Knowledge
To calculate the total revenue at the initial price of
when 12 thousand copies are sold, you multiply the price by the quantity sold.
Total revenue = Price × Quantity
Total revenue = ×
thousand =
thousand.
Total revenue =
So, the revenue is initially
thousand.
Now, let’s look at the price drop to
where 20 thousand copies would be sold. The new total revenue would be:
Total revenue =
×
thousand =
thousand.
This highlights how adjusting the price can dramatically change revenue dynamics in a market!

¡Prueba Premium ahora!
¡Prueba Premium y hazle a Thoth AI preguntas de matemáticas ilimitadas ahora!
Quizas mas tarde
Hazte Premium