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

Question 89

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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 value of average variable cost at the optimal level of output? A) $76 B) $96 C) $232 D) $196 E) $112 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 value of average variable cost at the optimal level of output? A) $76 B) $96 C) $232 D) $196 E) $112 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 value of average variable cost at the optimal level of output? A) $76 B) $96 C) $232 D) $196 E) $112 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 value of average variable cost at the optimal level of output? A) $76 B) $96 C) $232 D) $196 E) $112 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 value of average variable cost at the optimal level of output? A) $76 B) $96 C) $232 D) $196 E) $112 Total fixed cost is forecast to be $500,000 in 2016.What is the value of average variable cost at the optimal level of output?


A) $76
B) $96
C) $232
D) $196
E) $112

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