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

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Definitions:

Genital Stage

The final stage of psychosexual development proposed by Freud, focusing on mature sexual interests and behaviors.

Oral Stage

The first stage in Freud's psychosexual development, occurring in the first year of life, where pleasure centers on the mouth.

Breastfeeding

The act of feeding a baby with milk directly from the mother's breast, providing essential nutrients and antibodies.

Anal Stage

The second stage in Freud's psychosexual development theory, occurring between the ages of 18 months to three years, where the focus of pleasure is the anus.