If Revenues from Selling Quantities X and Y of Jointly

question 31

Multiple Choice

If revenues from selling quantities x and y of jointly produced goods X and Y were TR_X = 100 - xy + 2x and TR_Y = 500 - xy + 3y,then marginal revenue with respect to X would be:

• A) -2 - y.
• B) -y.
• C) -x(2y + 5).
• D) -(2y + 5).
• E) 2(1 - y).

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Definitions:

Book

A collection of printed or handwritten pages, attached along a single edge and encased in a covering.

Marginal Revenue Function

A calculation used to determine the additional revenue generated by selling one more unit of a good or service.

Demand

An economic principle referring to the consumer's desire and willingness to pay for a specific quantity of a good or service at a given time.

Book

A published material that features pages bound together on one side and encased within protective covers.