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Given the Demand Function Q_X = 5,000 - 250P_X +120P_Y

Question 2

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Given the demand function Q_X = 5,000 - 250P_X +120P_Y +.04I where P_Y= $50.00 and I = $60,000, the total revenue equation is:
TR = 53.6Q_X-.004Q_X.

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