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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 Q<sub>X</sub> = 1500 - 100P<sub>X</sub>
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Given the Demand Function QX = 1500 - 100PX

Question 99

Question 99

True/False

Given the demand function QX = 1500 - 100PX + 75PY + 1.5I + .06A where PY = $40.00. I = $2500, and A = $5,000, the maximum total revenue that can be attained is where P = 42.75 and Q = 4275.

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