Is there supposed to be a picture or is this just random
17 that’s the answer I did this one before
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
Equation Form:
w x 2 
19
Divide both sides by 2:
w 9.5
So, w must be equal to or greater than 9.5 for this equation to work.
