« 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 33 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?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Antineutrophil cytoplasmic antibody staining patterns. Indirect immunofluorescence of ethanol-fixed ... Antineutrophil cytoplasmic antibody staining patterns. Indirect immunofluorescence of ethanol-fixed ...
Product Rule Product Rule
Use the product rule to find derivative Use the product rule to find derivative
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library