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Given the Demand Function QX = 1500 - 100PX

Question 94

Multiple Choice

Given the demand function QX = 1500 - 100PX + 75PY + 1.5I + .06A where PY = $40.00. I = $2500, and A = $5,000, at what quantity of good X will marginal revenue equal zero?


A) 2575
B) 4275
C) 6725
D) 8550
E) 10,171

Correct Answer:

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