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 marginal revenue equation is MR = 85.50 - .02Q_X.

Name: 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 marginal revenue equation is MR = 85.50 - .02Q X.
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Quizplus · Accepted Answer

The marginal revenue equation is MR = 85.50 - .02Q_X, which is consistent with the given demand function.

Given the Demand Function QX = 1500 - 100PX

Given the Demand Function Q_X = 1500 - 100P_X