Homework Answers
1) As shown in table highest price that can be charge is 990 , at this price he will only have a sale of 1 unit of magic wand .
2) If the price set is $250 , then magic wand that he can sell is 4 unit . as we can see the table , corresponding units of quanity is 4 units of magic wands to the prcie of $ 250 .
3) Again as per the above answer he will send 4 units of magic wand at a price of $250 .
4) Total revenue = Price * Quanity
=250 * 4
= $ 1000
Hence total revenue is $1000.
( Note - Please post rest part as a seperate question )
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