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slamgirl [31]
3 years ago
6

A competitive firm maximizes profit at an output level of 500 units, market price is $24, and ATC is $24.50. At what range of AV

C values for an output level of 500 would the firm choose not to shut down
Business
1 answer:
rosijanka [135]3 years ago
3 0

Answer:

A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)

Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)

When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price

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Ludwig borrowed $700,000 for a
timurjin [86]

Answer:

$140000

Explanation:

Principle = $700000

Rate = 10%

Time = 2 years

Simple interest = P x R x T / 100

Simple interest = 700000 x 10 x 2 / 100

Simple interest = 70000 x 2

Simple interest = $140000

4 0
3 years ago
A firm in a purely competitive industry is currently producing 1,000 unit per day at a total cost of $450. If the firm produce 8
OLga [1]

Answer:

$0.55, $0.375, $0.45

Explanation:

Average Total Cost, ATC = TC/output

ATC at 500 unit = TC at 500/ output

                           = $275/500

                           = $0.55

checked the attached file for a complete solution

8 0
4 years ago
Read 2 more answers
Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
Assoli18 [71]

Answer:

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

Explanation:

Data provided in the question:

Percentage downsize in the workforce = 15% = 0.15

Cost of exit interviews = $100

Normal separation cost = $5,000

Now,

Total separation cost per employee = Cost of exit interviews + Normal separation cost

= $100 + $5,000

= $5,100

Therefore,

The company will have to pay $5,100 per employee in separation costs if these exit interviews are implemented next year

3 0
3 years ago
What are decision support systems, and what role do they play in the business environment?
saveliy_v [14]
<span>A Decision Support System is a computerized information system that facilitates an organization's decision-making approach. It enables the company to analyze and plow through a massive stream of data, compile the results which could be used to solve problems and make better informed decisions. They play a central of roles in a business environment. They help an organization or business keep inventories of information assets (including legacy and relational data sources, cubes). They also help to compare and contrast sales figures between one period and the next. Dss help in projeected revenue estimate based on product sales assumptions. They also assist in theoretical and technical issues in the support of borderline decision</span>
3 0
3 years ago
Miriam owns a small shop selling custom headbands and accessories. Last month, she sold 335 headbands for $10 each. According to
aliya0001 [1]

Answer:

correct answer A. 415

<em />

<em>Multiples choices for the question :  a. 415  b. 300. c. 290 d. 335</em>

Explanation:

The law of demand explains the relationship between the price of a product and the quantity demanded.  According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.

If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand.  From the choices available, option A is higher than the current sales of 335.  The reduced price will increase demand, pushing the sales higher.

3 0
3 years ago
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