Given the Demand Function Q_X = 1500 - 100P_X

question 99

True/False

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, the maximum total revenue that can be attained is where P = 42.75 and Q = 4275.

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