Business, 12.12.2019 00:31 batmannn1516
Mrs. smith is operating a firm in a competitive market. the market price is $6.50. at her profit-maximizing level of output, her average total cost of production is $7.00, and her average variable cost of production is $6.00. which of the following statements about mrs. smith’s firm is correct?
a. mrs. smith is earning a loss and should shut down in the short run.
b. mrs. smith is earning a loss but should continue to operate in the short run.
c. mrs. smith is earning a profit since the price is above the average variable cost.
d. without knowing mrs. smith's marginal cost, we cannot determine whether she should stay in business or shut down.
Answers: 3
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Business, 22.06.2019 16:20
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Business, 22.06.2019 22:30
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. he expects these costs to rise about $1500 each year while he is in college. if it will take him 5 years to earn his bs, what is the present cost of his degree at an interest rate of 6%? if he earns and extra $10000 annually for 40 years, what is the present worth of his degree.?
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Business, 23.06.2019 03:00
Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?
Answers: 3
Mrs. smith is operating a firm in a competitive market. the market price is $6.50. at her profit-max...
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