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 68 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
Thanks for the timely response, appreciate it

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Development of a Baby in 36th Week Development of a Baby in 36th Week
Baby's eyes are developed in 6th week of pregnancy Baby's eyes are developed in 6th week of pregnancy
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
A Partially Filled 50-Unit Insulin Syringe A Partially Filled 50-Unit Insulin Syringe
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
An 8-week-old fetus An 8-week-old fetus
Video: Red Blood Cells - Erythropoietin (EPO)

For a complete list of videos, visit our video library