Using Time-Series Data,the Demand Function for a Profit-Maximizing Monopolist Has $Q _ { d } = 142,000 - 500 P + 6 M - 400 P _ { R }$

question 71

Multiple Choice

Using time-series data,the demand function for a profit-maximizing monopolist has been estimated as $Q _ { d } = 142,000 - 500 P + 6 M - 400 P _ { R }$ where $Q _ { d }$ is the amount sold,P is price,M is income,and $P _ { R }$ is the price of a related good.The estimated values for M and $P _ { R }$ in 2021are $25,000 and $200,respectively.The short-run marginal cost curve for this firm has been estimated as: $M C = 200 - 0.024 Q + 0.000006 Q ^ { 2 }$ Total fixed cost is forecast to be $500,000 in 2021.What is the average variable cost function?

• A)AVC = 200 -0.012Q + 0.000002Q²
• B)AVC = 200 - 0.048Q + 0.000012Q²
• C)AVC = 200 - 0.048Q + 0.000036Q²
• D)AVC = 200 - 0.012Q + 0.000018Q²

---

Definitions:

Downsizing

Downsizing refers to the reduction of a company's workforce to improve its efficiency or reduce costs, often involving layoffs or restructuring.

Mergers

The combination of two or more companies into a single entity, often to achieve synergistic effects.

Career Goals

Objectives or benchmarks that individuals set for their professional development and advancement.

Career Development

The progression and growth of an individual’s career over time, often involving education, training, and work experience.