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A Consulting Company Estimated Market Demand and Supply in a Perfectly

Question 63

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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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above 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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above 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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above 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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above = $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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above = $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 that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm? A) 1,000 units B) 1,860 units C) 2,000 units D) 2,860 units E) none of the above Total fixed cost will be $6,000 next year.Suppose that income for next year is forecasted to be $9,000 instead.What is the profit-maximizing output choice for the firm?


A) 1,000 units
B) 1,860 units
C) 2,000 units
D) 2,860 units
E) none of the above

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