Dont think negative, think positive
Answer:
A) shut down; losses; $15,600
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous 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. Firms earn zero economic profit in the long run.
If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.
Profit or loss = Total revenue - Total cost
($10-$23) x 1200 = -$15,600
The firm is earning a loss because average total cost in greater than price.
I hope my answer helps you
Answer:I think it would be 1,4568
Explanation:
Hopefully I am right
Answer:
Concept: Business Administration
- By definition the shrink it and pink it is a method employed by marketing to create a curated color that appeals to the women eye and also retroactively fits their figure and stature.
- Arguably, the strategy is <u>effective</u><u> </u>in principle as it attracts more women buyers that would have otherwise skipped over the said sport apparel. It curated a line of clothing that suits them and makes them feel included. The principle of inclusiveness is a driving factor in this strategy which inherently has increased the sales of women apparel.
Skinner is most known for operant conditioning which is the control of behavior by manipulating it consequences.
