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timama [110]
3 years ago
14

At the point at which P=MC, suppose that a perfectly competitive firm's MC = $100, its AVC = $80 and its AC = $110. This firm sh

ould
Business
1 answer:
kolezko [41]3 years ago
5 0

Answer: continue operating in the short run.

Explanation:

In the short run, at least one of the input that is used in the production of a good or service is fixed while the other inputs are variable.

A firm will continue to operate in the short run in a situation whereby the price is more than the average variable cost.

Since we've been told that P=MC, abd that the perfectly competitive firm's MC = $100, AVC = $80 and AC = $110, the firm should continue operating in the short run because the price ($100) is more than the AVC($80).

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Sara had a final interview with a cosmetic company that she has dreamed of working for. She arrived 10 minutes early to the inte
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Read 2 more answers
Broker Harry leaves on vacation for three weeks and does not leave a key to the storage facility where he keeps his records. Why
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People do go on vacation. Why this result in disciplinary action is that DBPR needs access to inspect records during regular business hours and he would risk disciplinary action if they wanted to see his records while he was away.

<h3>What is a Florida DBPR license?</h3>

The Department of Business and Professional Regulation (DBPR) is known to be a regulatory agency responsible with the licensing and monitoring of businesses and professionals in the State of Florida.

Since Harry is away, DBPR may needs access to inspect records during regular business hours and he would risk disciplinary action if they wanted to see his records while he was away.

See full options below

DBPR needs access to inspect records during regular business hours and he would risk disciplinary action if they wanted to see his records while he was away.

The storage unit might catch fire and no-one would be able to rescue the documents.

FREC only gives 24 hours notice to inspect records and he would be fined if they could not gain access to them.

There is not a problem since his Admin Assistant is good at taking messages and would make an appointment for them to come back when he has returned.

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