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

question 84

Multiple Choice

Refer to the following:
The market demand for a monopoly firm is estimated to be:
$Q _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }$
where
$Q _ { d }$ is quantity demanded, P is price, M is income, and
$P _ { R }$ is the price of a related good. The manager has forecasted the values of M and
$P _ { R }$ will be $50,000 and $20, respectively, in 2015.
The average variable cost function is estimated to be
$A V C = 520 - 0.03 Q + 0.000001 Q ^ { 2 }$
Total fixed cost in 2015 is expected to be $4 million.
-The profit-maximizing level of output for 2015 is

• A) 1,000 units.
• B) 4,000 units.
• C) 5,000 units.
• D) 10,000 units.
• E) 20,000 units.

Identify significant historical events and processes contributing to the development and characteristics of globalization.

Describe the concept of globalization, including its definitions, origins, and key traits.

Explain neoliberal economic practices, including their principles, impacts on business operations, and relation to government regulation.

Understand the process and impact of decolonization within the context of globalization.

---

Definitions:

Leadership

The ability to guide, influence, or direct individuals or groups towards achieving set goals or objectives.

Legitimate Power

The authority a person has by virtue of their position in an organization's hierarchy, enabling them to influence others.

Boss

A term used to describe a person who is in charge of a worker or organization.

Behaviour

The actions or reactions of an individual in response to external or internal stimuli, often observed in the context of society or an organizational setting.