Multiple Choice
Given the demand function QX = 1500 - 100PX + 75PY + 1.5I + .06A where PY = $40.00. I = $2500, and A = $5,000, what is the total revenue equation?
A) TR = 15QX - .01QX2
B) TR = 15QX +.01QX2
C) TR = 85.5 - .01QX
D) TR = 85.5 + .01QX2
E) TR = 85.5QX - .01QX2
Correct Answer:
Verified
Correct Answer:
Verified
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