« previous next »

Author Question: Suppose product price is fixed at 24; MR = MC at Q = 200; AFC = 6; AVC = 25 . What do you advise ... (Read 20 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Suppose product price is fixed at 24; MR = MC at Q = 200; AFC = 6; AVC = 25 . What do you advise this firm to do?
 a. Increase output.
  b. Decrease output.
  c. Shut down operations.
  d. Stay at the current output; the firm is earning a profit of 1,400.
  e. Stay at the current output; the firm is losing 1,400.

Question 2

Which of the following pairs is most likely to represent substitute goods?
 a. Hamburgers and hamburger rolls.
  b. Movies and popcorn.
  c. Beer and pretzels.
  d. Shoes and shoelaces.
  e. Pork and beef.


ryhom

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Alan Price - Poor People Alan Price - Poor People
Importance of Considering Gestalt Principles in Product Design (1 of 2) Importance of Considering Gestalt Principles in Product Design (1 of 2)
Use the product rule to find derivative Use the product rule to find derivative
Find derivative using product rule Find derivative using product rule
Find derivative using product rule Find derivative using product rule
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library