Author Question: A firm's fixed but avoidable costs are 100,000 and its variable costs are 250 per unit. It produces ... (Read 189 times)

leo leo · **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