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worty [1.4K]
4 years ago
8

When price is less than average variable cost at the profit-maximizing level of output, a firm should ________.

Business
1 answer:
bagirrra123 [75]4 years ago
4 0

Answer:

.B) shutdown, because it cannot even cover all of its variable costs let alone its fixed costs if it stays in business.

Explanation:

In a competitive market, the firm maximize it's profit when the market price of the firm is equal to average variable cost of the firm so that the firm earns normal profits in the long run.

Therefore, if price is less than the average variable cost then the firm should shutdown because it cannot even cover all of its variable costs let alone its fixed costs if it stays in business.

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Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe
pogonyaev

Answer:

The answer is B. Socio-cultural

Explanation:

The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.  

The socio-cultural belief of the  nation of Brotherton is one that believe that all  the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.

However, the American workers participate and make contributions in the decision making process of the organisation.  

       

5 0
3 years ago
Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning ext
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missing out on playing basketball

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3 years ago
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All of the following actions are consistent with feelings of regret except:________.
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Answer:

Option A, selling losers quickly, is the right answer.

Explanation:

According to some researchers and their investigation consistency factors has the potential to influence feelings of regret. Regret may emerge as a function of consistency and discrepancy between an individual's orientation and effort of an evaluative decision. Whenever the decision-maker approves an orientation of serving errors associated with the actions are generally more consistent and thus led to comparatively less feeling of regret.

4 0
4 years ago
During the "design" step of appreciative inquiry, participants ________.A) find a common vision of how the organization will loo
Mila [183]

Answer:

The correct answer is A) find a common vision of how the organization will look in the future

Explanation:

4 0
3 years ago
The Taylor rule specifies how policymakers should set the federal funds rate target. Suppose that U.S. real GDP rises 1% above p
VladimirAG [237]

Answer:

FED raise the federal funds rate target by 0.5%

FED raise the federal fund rate target by 2%

Explanation:

Taylor Rule states that Federal Funds should raise rates when inflation rises. When Gross domestic products growth of a country is high and above potential level then FED should raise rates. When inflation rises by 1% above target level then federal funds should raise FED by 2%.

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3 years ago
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