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 90

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 value of average variable cost at the optimal level of output?

• A)$76
• B)$96
• C)$232
• D)$196
• E)$112

Identify the characteristics and configurations of aquifers that affect their ability to supply water.

Understand how human activities and natural conditions like faulting impact groundwater quality and availability.

Understand the concept of functional fixedness and its overcoming through creative problem-solving.

Distinguish between different types of reasoning (inductive, deductive, and others) and their applications.

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An item that is not fit for its intended purpose due to manufacturing flaws, design defects, or inadequate warnings, potentially leading to consumer harm.

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A description of a product's condition being beyond the expected level of danger for typical use, posing risks to users.