Answer:
Step-by-step explanation:
Given that a firm has a price of $5, an average total cost of $7, and an average variable cost of $4
Price = 5
Var cost = 4
Contribution = 1 dollar per unit
Since contribution is positive, there is scope for getting profit by increasing production.
In the short run, you should __operate______(operate/shut down) because __Price______exceeds ________ average variable cost price . In the long run, you should __exit______(stay in/exit) the market because ________ average total cost price exceeds____price.______average variable cost price average total cost
Answer:
non linear graph
Step-by-step explanation:
Only 3 of the resorts had a spa
P is the principal amount, $12000.00.
r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.
t is the time involved, 3....month(s) time periods.
Since your interest rate is "per year" and you gave your time interval in "month(s)" we need to convert your time interval into "year" as well.
Do this by dividing your time, 3- month(s), by 12, since there's 12 months in 1 year.
So, t is 0.25....year time periods.
To find the simple interest, we multiply 12000 × 0.05 × 0.25 to get that:
The interest is: $150.00
Usually now, the interest is added onto the principal to figure some new amount after 3 month(s),
or 12000.00 + 150.00 = 12150.00. For example:
If you borrowed the $12000.00, you would now owe $12150.00
If you loaned someone $12000.00, you would now be due $12150.00
If owned something, like a $12000.00 bond, it would be worth $12150.00 now.
Answer:
y = 3x/2
Step-by-step explanation:
Let's solve for y first.
3y = -2x+6
y = -2x/3 + 2
We know that the slope is perpendicular to -2/3, meaning that we have to find the negative reciprocal of -2/3, which is 3/2.
y = 3x/2 + C.
We know the point (2, 3) and we plug that into our equation above.
3 = 3/2(2) + C.
3 = 3 + C
0 = C
C = 0.
We now plug in C for the equation, which gives us y = 3x/2.
