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Given the Demand Function QX = 1500 - 100PX

Question 76

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 marginal revenue equation?


A) MR = 15 - .01QX2
B) MR = 15 +.02QX
C) MR = 85.5 - .02QX
D) MR = 85.5 + .01QX2
E) MR = 85.5 - .02QX2

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