A Natural Monopolist Has the Total Cost Function C(q) =

question 46

Multiple Choice

A natural monopolist has the total cost function c(q) = 350 + 20q, where q is its output. The inverse demand function for the monopolist's product is p = 100 - 2q. Government regulations require this firm to produce a positive amount and to set price equal to average costs. To comply with these requirements

• A) is impossible for this firm.
• B) the firm must produce 40 units.
• C) the firm could produce either 5 units or 35 units.
• D) the firm must charge a price of $70.
• E) the firm must produce 20 units.

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Individuals within an organization who have the responsibility and authority to oversee the work of other employees, ensuring tasks are completed efficiently and effectively.

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Classifications used in performance appraisals that categorize employees based on their performance levels.