menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics Analysis Problems Cases
  4. Exam
    Exam 2: Revenue of the Firm
  5. Question
    Given the Demand Function Q<sub>X</sub> = 5,000 - 250P<sub>X</sub> +120P<sub>Y</sub>
Solved

Given the Demand Function QX = 5,000 - 250PX +120PY

Question 64

Question 64

True/False

Given the demand function QX = 5,000 - 250PX +120PY +.04I where PY = $50.00 and I = $60,000, marginal revenue will be zero where
Q = 13,400.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: If the absolute value of the price

Q60: Given the following price and quantity demanded

Q61: You raised the price of your good

Q62: Average revenue is equal to total revenue

Q63: Given the demand function Q<sub>X</sub> = 1500

Q65: Oil Field-Tex, Inc manufactures specialty high-pressure valves

Q66: Wonder-Time, Inc. manufactures high priced gold plated

Q67: Level-Mow, Inc. manufactures a highly reliable riding

Q68: Given the demand function Q<sub>X</sub> = 1500

Q69: If the absolute value of the price

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines