Author Question: A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and ... (Read 424 times)

809779 · **on:** Jul 1, 2018

A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and the average costs are 55 . At what price does the firm consider shutting-down in the long run?
a. 45
b. 40
c. 95
d. 55

Question 2

If Sarah decides not to hit Tom, what would Tom's best response be
a. Tell
b. Not tell
c. Run
d. Hide