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

Author Question: A firm sells 1000 units per week. It charges 70 per unit, the average variable costs are 25, and the ... (Read 171 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jul 1, 2018
A firm sells 1000 units per week. It charges 70 per unit, the average variable costs are 25, and the average costs are 65 . At what price would the firm consider shutting down in the long run?
 a. 10
  b. 25
  c. 65
  d. 70

Question 2

What would the profits be for Mattie's Dairy if Irene does not enter the market?
 a. 5million
 b. 10million
  c. 15million
  d. Zero


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


sarasara

  • Member
  • Posts: 521
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
The basic unit of life - cell The basic unit of life - cell
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
How to rearrange formulas to isolate for a variable How to rearrange formulas to isolate for a variable
form unit form unit
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library