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:
A) 10,560 ft. B) 32 more laps.
Step-by-step explanation:
A) Four laps around a track is equal to one mile, and there are 5,280 feet in one mile. If Roger ran eight laps, he ran two miles. Therefore: 5,280 ft. times 2, is equal to 10,560 ft.
B) We know that Roger ran two miles Monday. We also know that four laps around a track is equal to one mile. In order to run 10 miles, he would have to run 40 laps, and since he already ran 8, we can subtract that from 40. You are left with 32 more laps.
The answer is 7 1/4
Or 29/4 as an improper fraction