Given the Demand Function Q_X = 1500 - 100P_X

question 94

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, at what quantity of good X will marginal revenue equal zero?

• A) 2575
• B) 4275
• C) 6725
• D) 8550
• E) 10,171

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