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Author Question: The following are the actual sales for the last six periods: Period Sales 1 750 2 820 3 600 ... (Read 41 times)

KWilfred

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on: Jul 1, 2018
The following are the actual sales for the last six periods:
 
  Period Sales
   1 750
   2 820
   3 600
   4 850
   5 900
   6 700
 
  Using a 3-month moving average, what would be your prediction for period 7?

Question 2

If a firm makes zero economic profit, then the firm
 
  A) has no incentive to stay in the industry.
  B) is better of exiting the industry.
  C) is indifferent between staying and exiting the industry.
  D) will shut down.


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orangecrush

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Reply #1 on: Jul 1, 2018
Answer to Question 1

817

Answer to Question 2

C


KWilfred

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Excellent

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