Asked by Brandon Pimentel on Apr 26, 2024
Verified
The constraint that models the stated price range of a gold suite is ________.
A) 45 ≤ G ≤ 55
B) 45G2 - 55G ≥ 0
C) 90G2 - 110G ≤ 0
D) 90 ≤ G ≤ 110
Price Range
The spread between the highest and lowest prices of a good, service, or asset in a specific period.
- Scrutinize pricing methods in light of demand elasticity to escalate revenue.
Verified Answer
HH
Hayley HernandezMay 02, 2024
Final Answer :
D
Explanation :
The constraint that models the stated price range of a gold suite is 90 ≤ G ≤ 110. This is because the owners want to keep the price of a gold suite between $90 and $110. This can be written as an inequality, where G is the price of a gold suite. The correct answer is therefore D.
Learning Objectives
- Scrutinize pricing methods in light of demand elasticity to escalate revenue.