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    Managerial Economics Analysis Problems Cases
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    Exam 2: Revenue of the Firm
  5. Question
    Given the Demand Function of Q<sub>X</sub> = 5,000 - 250P<sub>X</sub>
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Given the Demand Function of QX = 5,000 - 250PX

Question 41

Question 41

True/False

Given the demand function of QX = 5,000 - 250PX +120PY +.04I where PY = $50.00 and I = $60,000, the maximum total revenue that can be attained is $179,560.

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