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
Could you post the equation? I’d be happy to help!
Answer: ax > bx
Step-by-step explanation:
The conclusion is the lat part: ax > bx
Answer:
go to slope calclculator
Step-by-step explanation:
Answer:
How do you know the value with out other variables
Step-by-step explanation: