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Given the Demand Function QX = 5,000 - 250PX +120PY

Question 22

Multiple Choice

Given the demand function QX = 5,000 - 250PX +120PY +.04I where
PY = $50.00 and I = $60,000, what is the maximum total revenue that can be attained?


A) $79,650
B) $156,567
C) $179,560
D) $227,657
E) none of the above

Correct Answer:

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