Mathematics · Calculus Applications
Given the demand function P = 80 - 3Q and the total cost function TC = 120 + 8Q, analyze the following statements regarding total revenue (TR = P × Q): A. Maximum total revenue occurs at Q = 13.33 (approximated as 12 in classical discrete textbook options or contextually optimized). B. Maximum revenue occurs at Q = 3. C. Total Revenue at the revenue-maximizing quantity Q = 13.33 yields a maximum revenue of approximately 533.33 (closest matching options provided as discrete bounds: Q = 12 gives TR = 528). D. Maximum Revenue is 213. Choose the option that represents the consistent mathematical pair from the choices provided:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and C only✓
- 2A and D only
- 3B and C only
- 4B and D only
Correct answer
A and C only
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