Author Question: The following are the actual sales for the last six periods: Period Sales 1 750 2 820 3 600 ... (Read 55 times)

KWilfred · **on:** Jul 1, 2018

The following are the actual sales for the last six periods:

Period Sales
1 750
2 820
3 600
4 850
5 900
6 700

Using a 3-month moving average, what would be your prediction for period 7?

Question 2

If a firm makes zero economic profit, then the firm

A) has no incentive to stay in the industry.
B) is better of exiting the industry.
C) is indifferent between staying and exiting the industry.
D) will shut down.