Suppose the price of a product is less than its average variable cost. When the firm's fixed obligations are completely ended, it will now most likely:
a. make an economic profit.
b. go out of business.
c. expand to a bigger operation.
d. continue to be shut down.
e. break even.
Question 2
In order to prove that Dr. Pepper and 7-Up are substitutes, the FTC should test the ____ and get a ____.
a. price elasticity of demand; number less than 1
b. income elasticity; positive number
c. price elasticity; negative number
d. price elasticity of demand; number greater than 1
e. cross-price elasticity; positive number
The asymmetrical appearance of Mira, an oscillating variable star.
Nap master (fixed)
A variable valve timing solenoid being controlled by applying voltage from the PCM.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Variable and absorption costing, explaining operating-income differences.
Average quarterly presidential approval rating, from Eisenhower to Trump