Many furniture stores run "going out of business" sales but never actually go out of business. Assume that furniture is sold in a perfectly competitive market. For a furniture firm to actually shut down in the short run, the price of furniture must be than the average variable cost.
a. less than; minimumb. more than; minimumc. more than; maximumd. less than; maximum
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Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
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Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.
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Many furniture stores run "going out of business" sales but never actually go out of business. Assum...
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