Answer:
b. Continue operating as the firm is covering all the variable costs and some of the fixed costs
Explanation:
A firm should shutdown operations if its price is less than average variable cost.
The price the firm sells is $15
Average variable cost is $10.
Price is greater than average variable cost in excess of $5.
The $5 covers some of the average fixed cost.
I hope my answer helps you
<span>To find overall assessment of company's strength below steps are followed:
1. Evaluating how well the strategy is working
2. Scanning the environment to determine a company's best and most profitable customers
3. Assessing whether the company's costs and prices are competitive
3. Evaluating whether the company is competitively stronger or weaker than key rivals
5. Pinpointing what strategic issues and problems merit front-burner management attention</span>
<span>GDP stands for Gross Domestic Product and it reflects all goods and services produced within the country. CPI stands for Consumer Consumer Price Index and it reflects the prices of a representative basket of goods and services purchased by the consumers.</span>
Answer:
An example of scarce source of production is "Labour"
Explanation:
An example of scarce source of production is "Labour"
Labour
This refers to the work done by those who contribute to the production processes. Many people not in paid employment also provide things that are needed by people. For example, a woman might not hold a job in order to raise her children and look after the home. Some people are more productive in the work place than others because they have different levels of education, training and experience. They are said to possess a greater amount of human capital. This implies that this factor can be enhanced in an economy through educational initiatives and investment in training.
Answer:
$1,511,642.50
Explanation:
Kindly check attached picture for detailed explanation
