(SOLVED) Hotsounds Ltd manufactures premium MP4 players with unusual features The


Question Description:

$15

Hotsounds Ltd manufactures premium MP4 players with unusual features. The divisional sales manager has estimated the following demand curve data:
Quantity sold per month ____________________ Unit sales price
20 ……………………………………………..$500
40 ……………………………………………..$475
60 ……………………………………………..$450
80 ……………………………………………..$425
110 ……………………………………………$400
Required
1. Prepare a table using the following column headings: quantity sold per month, unit sales price, total revenue per month, changes in total revenue.
2. Draw a graph that shows the total revenue curve.

Answer

$15