For Questions Refer to the Following Information:
a $$P = 24 - 0.0004 Q _ { d }$$

question 35

Multiple Choice

For Questions refer to the following information:
A municipal water utility employs quasi-fixed capital inputs-are the water treatment plant and distribution lines to homes-to supply water to 20,000 households in the community it serves. The figure below shows the cost structure of this utility for various levels of water service. Quantity of water consumption is measured in 1,000-gallon units per month. AQFC is the average quasi-fixed cost curve, and LAC is long-run average cost. Long-run marginal cost, LMC, is constant and equal to $4 per 1,000-gallon unit. The inverse demand equation is $$P = 24 - 0.0004 Q _ { d }$$ .
-Quasi-fixed capital inputs cost per month is $____.

• A) 150,000
• B) 200,000
• C) 250,000
• D) 300,000
• E) 350,000

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Definitions:

Deltoid Tuberosity

A roughened area on the middle of the outer surface of the humerus, where the deltoid muscle attaches.

Obturator Foramen

A large opening in the hip bone formed by the pubic and ischial bones, through which nerves and blood vessels pass.

Acetabulum

The cup-shaped cavity at the base of the hip bone into which the ball-shaped head of the femur fits to form the hip joint.

Inferior Pubic Ramus

The lower branch of the pubic bone, which together with the superior ramus, forms a part of the pelvis.