Answer:
A) shut down; losses; $15,600
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. Firms earn zero economic profit in the long run.
If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.
Profit or loss = Total revenue - Total cost
($10-$23) x 1200 = -$15,600
The firm is earning a loss because average total cost in greater than price.
I hope my answer helps you
Answer:
Project manager
Explanation:
A project manager is responsible for coordinating activities that have a particular scope and defined ending or goal.
The project manager usually does not directly work on the project, but coordinates activities of various departments, making sure the project is on track at every stage.
He is responsible for conveying the goals and objectives of the undertaking.
In this instance, the manager takes on the role of project manager by successfully working with several people to raise $500,000.
<span>I, II, and IV I think</span>
Answer:
he is still getting paid while he is out. He probably has a doctors note.
Explanation:
idk what the question is.
