The marketing research department of a large manufacturing company has determined that the demand equations for two major items it produces are given by p 2,000-5x+8y and q= 4,000 + 9x-7y where p is the price of item A, q is the price of item B, x is the monthly demand for item A, and y is the monthly demand for item B. Find the total monthly revenue from items A and B when x = 15 and y = 5. A. $29,415 B. $49,975 C. $20,565 D. $50,195
The marketing research department of a large manufacturing company has determined that the demand equations for two major items it produces are given by p 2,000-5x+8y and q= 4,000 + 9x-7y where p is the price of item A, q is the price of item B, x is the monthly demand for item A, and y is the monthly demand for item B. Find the total monthly revenue from items A and B when x = 15 and y = 5. A. $29,415 B. $49,975 C. $20,565 D. $50,195
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The marketing research department of a large manufacturing company has determined that the demand equations for two major items it produces are given by p 2,000-5x+8y and q= 4,000 + 9x-7y where p is the price of item A, q is the price
of item B, x is the monthly demand for item A, and y is the monthly demand for item B. Find the total monthly revenue from items A and B when x = 15 and y = 5.
A. $29,415
B. $49,975
C. $20,565
D. $50,195](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd210f98b-1208-4eea-a54e-043fbbd49724%2F0beba4d5-8c43-4761-ab73-64ab18aa38d1%2F5d2uxi5.jpeg&w=3840&q=75)
Transcribed Image Text:The marketing research department of a large manufacturing company has determined that the demand equations for two major items it produces are given by p 2,000-5x+8y and q= 4,000 + 9x-7y where p is the price of item A, q is the price
of item B, x is the monthly demand for item A, and y is the monthly demand for item B. Find the total monthly revenue from items A and B when x = 15 and y = 5.
A. $29,415
B. $49,975
C. $20,565
D. $50,195
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