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Author Question: Refer to Figure 13-7. Which of the following statements describes the best course of action for the ... (Read 52 times)

ghost!

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on: Jun 29, 2018
Refer to Figure 13-7. Which of the following statements describes the best course of action for the firm depicted in the diagram?
 
  A) The firm should exit the industry because its price is less than its average total cost.
  B) The firm should minimize its losses by producing Qy units and charging a price of P0.
  C) The firm should minimize its losses by producing Qy units and charging a price of P1.
  D) The firm should minimize its losses by producing Qy units and charging a price of P2.

Question 2

An avocado orchard employs five full-time workers. Currently, the average product of labor is 120 pounds of avocados per day. The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados.
 
  The average product of the six workers will now be
  A) equal to 120 pounds. B) greater than the marginal product of labor.
  C) more than 120 pounds. D) less than 120 pounds.
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Kjones0604

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ghost!

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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