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

question 31

Multiple Choice

Given the demand function Q_X = 5,000 - 250P_X +120P_Y +.04I where
P_Y = $50.00 and I = $60,000, at what quantity of good X will marginal revenue equal zero?

• A) 2144
• B) 3420
• C) 5500
• D) 6700
• E) 7244

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