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
Answer:
i think it is 80/100
Step-by-step explanation:
if it was 0.8 that would have been 8 so 80/100 is 80%
Answer:
Step-by-step explanation:
M and N and QR
Answer:
Step-by-step explanation: x - 6
The given equation can be re-written as y = ---------
-3
Arbitrarily choose x = 0. Then:
x - 6 0-6
y = --------- = ----------- = 2, so (0, 2) is a point on the graph which is also the
-3 -3 y-intercept
Arbitrarily choose x = 6. Then y = 0, and (6, 0) is another point on the graph
which happens to be the x-intercept
arbitrarily choose x = 12. Then y = (12 - 6) / (-3) = -2. Then (12, -2) is
another point on the
graph.
Plot (12, -2), (6, 0) and (0, 2). Draw a line through these three points.
