Multiple Choice
Given the demand function QX = 5,000 - 250PX +120PY +.04I where
PY = $50.00 and I = $60,000, what is the marginal revenue equation?
A) MR = 20 - .004QX2
B) MR = 20 +.008QX
C) MR = 53.6 - .004QX2
D) MR = 53.6 - .008QX
E) MR = 53.6 + .008QX2
Correct Answer:
Verified
Correct Answer:
Verified
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