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Author Question: A firm sells 1000 units per week. It charges 70 per unit, the average variable costs are 25, and the ... (Read 178 times)

sarasara

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  • Posts: 521
on: Jul 1, 2018
A firm sells 1000 units per week. It charges 70 per unit, the average variable costs are 25, and the average costs are 65 . At what price would the firm consider shutting down in the long run?
 a. 10
  b. 25
  c. 65
  d. 70

Question 2

What would the profits be for Mattie's Dairy if Irene does not enter the market?
 a. 5million
 b. 10million
  c. 15million
  d. Zero


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mirabriestensky

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

c

Answer to Question 2

b


sarasara

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  • Posts: 521
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

mcabuhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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