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

Question 85

Multiple Choice

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

A) TR = 20Q_X - .004Q_X²
B) TR = 20Q_X +.004Q_X²
C) TR = 53.6 - .008Q_X
D) TR = 53.6Q_X - .004Q_X²
E) TR = 53.6 + .004Q_X²

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