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
<h3>The minimum amount of sales Michael must have to earn at least $2500 in a month is $ 32000</h3>
<em><u>Solution:</u></em>
<em><u>The expression to Michael earnings is:</u></em>

Where,
b is the base salary, which is $ 900 in this sum
c is the commission rate
Given that commission rate is 5%
s is the sales
Michael must have to earn at least $2500 in a month
Here, at least means, "greater than or equal to" 2500
The inequality is framed as:
base salary + 5 % on sales
2500

Solve the inequality

Thus, minimum amount of sales Michael must have to earn at least $2500 in a month is $ 32000
Answer:
Property tax is an ad valorem tax assessed on real estate by a local government and paid by the property owner. Income tax is tax levied by a government directly on income, especially an annual tax on personal income. Both pay the government but one is for their land and the other is for money they make.
7 ÷ 53
<span>0.132075 </span>
<span>0.132075 * 100
13.21%</span>