Given the Demand Function Q_X = 5,000 - 250P_X +120P_Y

question 36

Multiple Choice

Given the demand function Q_X = 5,000 - 250P_X +120P_Y +.04I where
P_Y = $50.00 and I = $60,000, what is the marginal revenue equation?

• A) MR = 20 - .004Q_X²
• B) MR = 20 +.008Q_X
• C) MR = 53.6 - .004Q_X²
• D) MR = 53.6 - .008Q_X
• E) MR = 53.6 + .008Q_X²

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Definitions:

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which appear real, but are created by the brain.

Catatonia

State of immobility and unresponsiveness, lasting for long periods of time.

Immobility

The state of not moving or being unable to move, often occurring as a behavioral response in animals (including humans) under extreme threat.

Unresponsiveness

The state or condition where an individual fails to react or respond to external stimuli.