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A Price-Setting Firm Faces the Following Estimated Demand and Average

Question 95

Multiple Choice

A price-setting firm faces the following estimated demand and average variable cost functions: A price-setting firm faces the following estimated demand and average variable cost functions: where is the quantity demanded,P is price,M is income,and is the price of a related good.The firm expects income to be $40,000 and to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm? A) MR = 800 - 0.002Q B) MR = 800 - 0.004Q C) MR = 1,600 - 0.004Q D) MR = 520- 0.001Q A price-setting firm faces the following estimated demand and average variable cost functions: where is the quantity demanded,P is price,M is income,and is the price of a related good.The firm expects income to be $40,000 and to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm? A) MR = 800 - 0.002Q B) MR = 800 - 0.004Q C) MR = 1,600 - 0.004Q D) MR = 520- 0.001Q where A price-setting firm faces the following estimated demand and average variable cost functions: where is the quantity demanded,P is price,M is income,and is the price of a related good.The firm expects income to be $40,000 and to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm? A) MR = 800 - 0.002Q B) MR = 800 - 0.004Q C) MR = 1,600 - 0.004Q D) MR = 520- 0.001Q is the quantity demanded,P is price,M is income,and A price-setting firm faces the following estimated demand and average variable cost functions: where is the quantity demanded,P is price,M is income,and is the price of a related good.The firm expects income to be $40,000 and to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm? A) MR = 800 - 0.002Q B) MR = 800 - 0.004Q C) MR = 1,600 - 0.004Q D) MR = 520- 0.001Q is the price of a related good.The firm expects income to be $40,000 and A price-setting firm faces the following estimated demand and average variable cost functions: where is the quantity demanded,P is price,M is income,and is the price of a related good.The firm expects income to be $40,000 and to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm? A) MR = 800 - 0.002Q B) MR = 800 - 0.004Q C) MR = 1,600 - 0.004Q D) MR = 520- 0.001Q to be $53.Total fixed cost is $2,600,000.What is the estimated marginal revenue function for the firm?


A) MR = 800 - 0.002Q
B) MR = 800 - 0.004Q
C) MR = 1,600 - 0.004Q
D) MR = 520- 0.001Q

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