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Refer to the Following:
the Market Demand for a Monopoly Qd=100,000500P+2M+5000PRQ _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }

Question 80

Multiple Choice

Refer to the following:
The market demand for a monopoly firm is estimated to be:
Qd=100,000500P+2M+5000PRQ _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }
where
QdQ _ { d } is quantity demanded, P is price, M is income, and
PRP _ { R } is the price of a related good. The manager has forecasted the values of M and
PRP _ { R } will be $50,000 and $20, respectively, in 2015.
-For 2015, the marginal revenue function is


A) MR = 290 - 0.5P.
B) MR = 580 - 0.001Q.
C) MR = 290 - 0.002Q.
D) MR = 600 - 0.004Q.
E) none of the above

Correct Answer:

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