Question

The function represents the amount which can be obtained by selling 'D' units(market demand) at the price ‘P'​

Answer 1

Total Revenue Function R = P * D

Step-by-step explanation:

Given: The function represents the amount which can be obtained by selling 'D' units (market demand) at the price ‘P'​.

Solution:

Market demand or the Number of units that can be sold is represented by D.

Price of each unit is represent by P.

Now, the total amount that can be obtained by selling D units at the price P will be P * D.

Price multiplied by the number of units sold is the revenue.

So, if the total revenue function is represented by 'R', then it is the function that represents the amount which can be obtained by selling 'D' units (market demand) at the price 'P'​.

R can be expressed as:

R = P.D