Answer:
Shut down
$1650
$1500
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
in the shut run, a perfect competition should shut down if average variable cost is greater than price. this is the case for this firm $10 is greater than $8.
total fixed cost = average fixed cost x quantity produced = $11 x 150 = $1650
Total variable cost = average variable cost x quantity produced = $10 x 150 = $1500
Answer:
A) Scan the highway far and wide.
B) Think about how slow, stop or change lanes suddenly.
Explanation:
The Smith Driving Standards can be a very useful guide for defensive driving techniques. It includes the Five Principles of Defensive Driving:
- Aim high
: you should be alert and focused, and your head should be held up high so that you can view the whole road.
- The Big Picture
: try to identify angry or erratic drivers, and always be aware of your surroundings.
- Keep Your Eyes Moving: you must be alert and keep your eyes on the road.
- Leave Yourself An Out
: try to anticipate what other drivers are doing so that you have a possible exit in case you need to change lanes suddenly.
- Ensure they see you: make sure other drivers have noticed you.
One of the disadvantages of dealing with a financial intermediary would be: <span> A financial intermediary shares risks.</span>
A written warning. Many businesses "write a person up" for inappropriate behavior which can lead to dismissal if frequent.
A market index is a resulting value created from the combination of several stocks and other investment vehicles presenting its total value against a base value at a certain period. It is used to show the whole stock market at the same time keeping track with the way the market changes overtime. The practice of tracking the value of the stock market over a period of time can be used to benchmark to make a credible comparison of stock returns.
