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 85 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
YES! Correct, THANKS for helping me on my review

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

IgM pentamer of immunoglobulin units IgM pentamer of immunoglobulin units
This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ... This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ...
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces (a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library