This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a firm that produces 500,00 . units per year. The firm's fixed costs are 100,000 . marginal ... (Read 96 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jane

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jul 1, 2018
Excellent

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Energy and Energy Units Energy and Energy Units
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Appendicitis Animation

For a complete list of videos, visit our video library