refer to the following:
Consider a competitive industry and a price-taking firm that produces in that industry. The market demand and supply functions are estimated to be:
Demand: Supply: where Q is quantity, P is the price of the product, M is income, and is the input price. The manager of the perfectly competitive firm uses time-eries data to obtain the following forecasted values of M and for 2009:
The manager also estimates the average variable cost function to be
Total fixed costs will be $2,000 in 2009.
-The profit (loss) is
A) $2,600
B) $2,000
C) $4,000
D) $3,250
E) none of the above

Question

refer to the following:
Consider a competitive industry and a price-taking firm that produces in that industry. The market demand and supply functions are estimated to be:
Demand:  Supply:  where Q is quantity, P is the price of the product, M is income, and  is the input price. The manager of the perfectly competitive firm uses time-eries data to obtain the following forecasted values of M and  for 2009:
  The manager also estimates the average variable cost function to be
  Total fixed costs will be $2,000 in 2009.
-The profit (loss) is
A) $2,600 
B) $2,000 
C) $4,000 
D) $3,250 
E) none of the above

Quizplus · Accepted Answer

Without specific financial data or a context for calculating profit or loss, it's impossible to determine the correct answer from the options provided.

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