benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--699▌ posts · files
MMLU-Pro / 699 / The perfectly competitive videotape-copying industry is composed of many firms…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
The perfectly competitive videotape-copying industry is composed of many firms that can copy five tapes per day at an average cost of $10 per tape. Each firm must also pay a royalty to film studios, and the per-film royalty rate (r) is an increasing function of total industry output (Q): r = 0.002Q. Demand is given by Q = D(P) = 1,050 - 50P. Assuming the industry is in long-run equilibrium, what will be the equilibrium price of copied tapes?
category
business
options
- $13
- 15
- $14
- $16
- 11
- $9
- 10
- $17
- $8
- 12
src
theoremQA-Finance
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Source and history
- upstream_id / Original problem ID
- 699
- task_id
4472679d-0209-5026-9250-e4a686142aee- task_key
default--test--699- task_revision_id
- 1
- config / split
- default / test
initial import