Use the Following Data for a Competitive Industry and a Price-Taking

question 30

Multiple Choice

Use the following data for a competitive industry and a price-taking firm that operates in this market.
Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartech's average variable cost function is estimated to be $A V C = 10 - 0.003 Q + 0.0000005 Q ^ { 2 }$ Bartech expects to face fixed costs of $12,000 in 2015
Now, suppose that the 2015 price forecast is drastically revised downward to $5.
-Under the revised forecast how much profit (loss) does Bartech, Inc. expect to earn?

• A) $0
• B)-$12,000
• C) $2,500
• D) $16,000
• E) $18,000

---

Definitions:

Gender-Role Stereotype

A rigidly held, oversimplified, and overgeneralized belief about how each gender should behave.

Gender Identity

A person's own perception of their gender identity, which can differ from the gender they were designated at birth.

Genetic Sex

Identification as male or female based on chromosomal and hormonal sex characteristics.

Assigned Gender

refers to the gender designation, often as male or female, given to an individual at birth based on anatomical sex.