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Refer to the Following:
a Consulting Company Estimated Market Demand Qd=25,0005,000P+25M\mathrm { Q } _ { \mathrm { d } } = 25,000 - 5,000 P + 25 M

question 89

Multiple Choice

Refer to the following:
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results:
Qd=25,0005,000P+25M\mathrm { Q } _ { \mathrm { d } } = 25,000 - 5,000 P + 25 M
Q5=240,000+5,000P2,000PIQ _ { 5 } = 240,000 + 5,000 P - 2,000 P _ { I }
where P is price, M is income, and
PIP _ { I } is the price of a key input. The forecasts for the next year are
M^\hat { M } = $15,000 and
P^I\hat { P } _ { I } = $20. Average variable cost is estimated to be
AVC=140.008Q+0.000002Q2A V C = 14 - 0.008 Q + 0.000002 Q ^ { 2 }
Total fixed cost will be $6,000 next year.
-Suppose that income for next year is forecasted to be $9,000 instead. What is the revised price forecast for next year?

Understand the effects of media on public fear of crime and criminal justice policy.
Acknowledge the media's role in shaping the narrative of moral responsibility and competence.
Realize the power of media in setting the agenda on what constitutes 'newsworthy' content, specifically crime.
Understand how media coverage can reinforce existing perceptions of crime in inner-city areas.

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