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A Consulting Company Estimated Market Demand and Supply in a Perfectly

Question 75

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A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero where P is price,M is income,and A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero is the price of a key input.The forecasts for the next year are A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero = $15,000 and A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero = $20.Average variable cost is estimated to be A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price,M is income,and is the price of a key input.The forecasts for the next year are = $15,000 and = $20.Average variable cost is estimated to be Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm? A) 8,000 B) 5,548 C) 3,480 D) 2,167 E) zero Total fixed cost will be $6,000 next year.Suppose income next year is forecasted to be $10,000 instead.What is the profit-maximizing output choice for the firm?


A) 8,000
B) 5,548
C) 3,480
D) 2,167
E) zero

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