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

Question 11

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Using time-series data,the demand function for a profit-maximizing monopolist has been estimated as 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 + 0.000002Q<sup>2</sup> B) AVC = 200 - 0.048Q + 0.000012Q<sup>2</sup> C) AVC = 200 - 0.048Q + 0.000036Q<sup>2</sup> D) AVC = 200 -0.012Q + 0.000018Q<sup>2</sup> where 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 + 0.000002Q<sup>2</sup> B) AVC = 200 - 0.048Q + 0.000012Q<sup>2</sup> C) AVC = 200 - 0.048Q + 0.000036Q<sup>2</sup> D) AVC = 200 -0.012Q + 0.000018Q<sup>2</sup> is the amount sold,P is price,M is income,and 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 + 0.000002Q<sup>2</sup> B) AVC = 200 - 0.048Q + 0.000012Q<sup>2</sup> C) AVC = 200 - 0.048Q + 0.000036Q<sup>2</sup> D) AVC = 200 -0.012Q + 0.000018Q<sup>2</sup> is the price of a related good.The estimated values for M and 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 + 0.000002Q<sup>2</sup> B) AVC = 200 - 0.048Q + 0.000012Q<sup>2</sup> C) AVC = 200 - 0.048Q + 0.000036Q<sup>2</sup> D) AVC = 200 -0.012Q + 0.000018Q<sup>2</sup> in 2014 are $25,000 and $200,respectively.The short-run marginal cost curve for this firm has been estimated as: 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 + 0.000002Q<sup>2</sup> B) AVC = 200 - 0.048Q + 0.000012Q<sup>2</sup> C) AVC = 200 - 0.048Q + 0.000036Q<sup>2</sup> D) AVC = 200 -0.012Q + 0.000018Q<sup>2</sup> 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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