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Author Question: A firm's fixed but avoidable costs are 100,000 and its variable costs are 250 per unit. It produces ... (Read 90 times)

leo leo

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on: Jul 1, 2018
A firm's fixed but avoidable costs are 100,000 and its variable costs are 250 per unit. It produces 50,000 units and prices it at 400 per unit. In the long-run, how low can price go before the firm decides to shut down?
 a. 150
 b. 252
 c. 250.20
  d. 400

Question 2

If Mousey Mike tattles, what would Bratty Brad's best response be
 a. Hit
 b. Not hit
  c. Run
 d. Hide


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angrybirds13579

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

b

Answer to Question 2

b


leo leo

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

atrochim

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

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