Answer: positive ; short run
Explanation: In accordance to the law of supply, The quantity of goods supply increases as the price of the goods or services as firms tends to make the most the increase in price. This highlights a positive relationshio between piece and supply. The relationship is a short run relationship which es depicted by an upward sloping curve which lies above the variable cist curve within the curve if the marginal cost.
Answer:
The indifference point is 50,000 units.
Explanation:
Giving the following information:
Location choice I has monthly fixed costs of $100,000 and per-unit variable costs of $10. Location choice J has monthly fixed costs of $150,000 and per-unit variable costs of $9.
First, we need to determine the total cost formula for each location:
Location I:
Total cost= 100,000 + 10x
Location J:
Total cost= 150,000 + 9x
Now, to calculate the indifference point, we need to isolate X:
100,000 + 10x= 150,000 + 9x
x= 50,000 units
The indifference point is 50,000 units.
