Question

The demand function for a certain commodity is given by = 4000 − 100 . What will be
the total revenue from the sale of 3 units?

Answer 1

The correct answer is 11,100.

Given,

Total revenue = px

                       = 4000$x^{}$ - 100$x^{2}$

At x=3

Total Revenue = 12,000 - 900

                        = 11,100