- Mc Qu 63 A Firm With Market Power Faces A Firm With Market Power Faces The Following Estimated Demand And Average Va 1 (34.21 KiB) Viewed 11 times
Multiple Choice O MR = 48 -0.002 Q MR = 78 -0.002 Q MR = 78 -0.004Q MR = 48 -0.004Q
MC Qu. 63 A firm with market power faces... A firm with market power faces the following estimated demand and average va
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MC Qu. 63 A firm with market power faces... A firm with market power faces the following estimated demand and average va
MC Qu. 63 A firm with market power faces... A firm with market power faces the following estimated demand and average variable cost functions: Qd=39,000 - 500P+0.4M-8,000 PR AVC= 30 -0.005Q+ 0.0000005Q² where Quis quantity demanded, Pis price, M is income, and PR is the price of a related good. The firm expects income to be $40,000 and PR to be $2. Total fixed cost is $100,000. What is the estimated marginal revenue function for the firm?
Multiple Choice O MR = 48 -0.002 Q MR = 78 -0.002 Q MR = 78 -0.004Q MR = 48 -0.004Q
Multiple Choice O MR = 48 -0.002 Q MR = 78 -0.002 Q MR = 78 -0.004Q MR = 48 -0.004Q