Inkabell6562 Inkabell6562

03-06-2023
Business

contestada

A firm with market power faces the following estimated demand and average variable cost functions:
Qd = 39,000 - 500P + 0.4M - 8,000PR
AVC = 30 - 0.005Q + 0.0000005Q2
where Qd is quantity demanded, P is 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. The firm should because .
a. shut down, P = $62 < TVC = $229.50
b. operate, P = $62 > AVC = $22
c. operate, P = $60.50 > AVC = $25.50
d. operate, P = $62 > AVC = $17.50

Respuesta :

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