Given the Demand Function Q_X = 1500 - 100P_X

question 37

Multiple Choice

Given the demand function Q_X = 1500 - 100P_X + 75P_Y + 1.5I + .06A where P_Y = $40.00. I = $2500, and A = $5,000, what is the total revenue equation?

• A) TR = 15Q_X - .01Q_X²
• B) TR = 15Q_X +.01Q_X²
• C) TR = 85.5 - .01Q_X
• D) TR = 85.5 + .01Q_X²
• E) TR = 85.5Q_X - .01Q_X²

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Definitions:

Maximum Heart Rate

The highest heart rate an individual can achieve during maximal exercise, used to guide workout intensity.

Resting Heart Rate

The number of heartbeats per minute when a person is at rest, indicating cardiovascular fitness.

ATP

ATP, short for adenosine triphosphate, functions as the cellular energy courier, vital for metabolic activities.

Exercise

Physical activities purposely engaged in to improve health and fitness, such as jogging, swimming, or lifting weights.