instructions\ntimed test this test has a time limit of 1 hour and 40 minutes.this test will save and submit…

instructions\ntimed test this test has a time limit of 1 hour and 40 minutes.this test will save and submit automatically when the time expires. warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.\nmultiple attempts this test allows multiple attempts.\nforce completion this test can be saved and resumed at any point until time has expired. the timer will continue to run if you leave the test. your answers are saved automatically.\nremaining time: 1 hour, 38 minutes, 04 seconds.\nquestion completion status:\nmoving to another question will save this response.\nquestion 1\nconsider the demand function\n$d(p)= - 10p + 560$\nwhere $d$ is the level of demand and $p$ is the associated unit price. which of the following best describes the implied domain of this model?\no nothing in this list is correct.\no $0,560$\no $0,28$\no $0,56$\no $(-\\infty,\\infty)$

instructions\ntimed test this test has a time limit of 1 hour and 40 minutes.this test will save and submit automatically when the time expires. warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.\nmultiple attempts this test allows multiple attempts.\nforce completion this test can be saved and resumed at any point until time has expired. the timer will continue to run if you leave the test. your answers are saved automatically.\nremaining time: 1 hour, 38 minutes, 04 seconds.\nquestion completion status:\nmoving to another question will save this response.\nquestion 1\nconsider the demand function\n$d(p)= - 10p + 560$\nwhere $d$ is the level of demand and $p$ is the associated unit price. which of the following best describes the implied domain of this model?\no nothing in this list is correct.\no $0,560$\no $0,28$\no $0,56$\no $(-\\infty,\\infty)$

Answer

Explanation:

Step1: Determine lower - bound of price

In a real - world context, the unit price $p$ cannot be negative. So, $p\geq0$.

Step2: Determine upper - bound of price

The demand $D(p)\geq0$ in a real - world scenario. Set $D(p)=0$ and solve for $p$. [ \begin{align*}

  • 10p + 560&=0\ -10p&=-560\ p& = 56 \end{align*} ] So, the price $p$ must satisfy $0\leq p\leq56$.

Answer:

$[0,56]$