Given the Demand Function Q_X = 1500 - 100P_X

question 76

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 marginal revenue equation?

• A) MR = 15 - .01Q_X²
• B) MR = 15 +.02Q_X
• C) MR = 85.5 - .02Q_X
• D) MR = 85.5 + .01Q_X²
• E) MR = 85.5 - .02Q_X²

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