Using Time-Series Data,the Demand Function for a Profit-Maximizing Monopolist Has

question 11

Multiple Choice

Using time-series data,the demand function for a profit-maximizing monopolist has been estimated as where is the amount sold,P is price,M is income,and is the price of a related good.The estimated values for M and in 2014 are $25,000 and $200,respectively.The short-run marginal cost curve for this firm has been estimated as: Total fixed cost is forecast to be $500,000 in 2016.What is the average variable cost function?

• A)AVC = 200 -0.012Q + 0.000002Q²
• B)AVC = 200 - 0.048Q + 0.000012Q²
• C)AVC = 200 - 0.048Q + 0.000036Q²
• D)AVC = 200 -0.012Q + 0.000018Q²

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Definitions:

Direct Pressure

A first aid technique that involves applying pressure directly to a wound to stop bleeding.

Systemic Circulation

The process by which the heart pumps oxygen-rich blood to all body parts except the lungs and returns oxygen-poor blood back to the heart.

Heart Failure

A chronic condition where the heart is unable to pump blood effectively, leading to accumulated fluids and shortness of breath.

Pulmonary Congestion

Accumulation of fluid in the lungs, often leading to difficulty breathing and other respiratory symptoms.