Your company has determined the following demand function for towels:
Qx = 140 - 6Px - 3Pd - 7M +2A
Where Px represents the price for towels, Pd is the price for wash cloths, M represents income, and A represents advertising. Suppose the price for towels is $6.00, the price of wash cloths is $2.00, income is 3, and advertising is 10. What is the quantity of blankets sold?
Group of answer choices
169
257
97
151
140
The correct option is 97.
Qx= 140-6(6)-3(2)-7(3)+2(10)
Qx= 140-36-6-21+20
Qx=97
97 blankets will be sold.
Your company has determined the following demand function for towels: Qx = 140 - 6Px -...