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
One weighs a pound, and the other pounds away!
They would have to sell around a 1000 newspapers
Answer: If the null hypothesis is true, the probability of observing a sample mean of at least 5.15 minutes is .031
Step-by-step explanation:
