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Author Question: Consider a firm that produces 500,00 . units per year. The firm's fixed costs are 100,000 . marginal ... (Read 90 times)

rlane42

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on: Jul 1, 2018
Consider a firm that produces 500,00 . units per year. The firm's fixed costs are 100,000 . marginal costs are 250 and the price per unit is 400 . In the long-run, how low can price go before it is profitable to shut down?
 a. 150
  b. 250
  c. 250.20
  d. 400

Question 2

The ways to address agency costs include all EXCEPT
 a. running background checks on prospective employees
  b. hiring only from job fairs
 c. spot checks of the quality of employee work
 d. replacing closed offices with cubical office spaces


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Jane

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


rlane42

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Excellent

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