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
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A militia is a local army. During the Battle of Lexington and Concord, the local militia (called minutemen), the militia outnumbered the British at Concord and chased them all the way back to Boston. The militia aided in many American victories during the Revolutionary War.
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Answer:
Step-by-step explanation:
You have to know how negative exponents "work" to understand this concept.
because if you want to make a negative exponent positive you put what the exponent is on under a 1. It follows then that you can go backwards from that and rewrite positive fractions with negative exponents.
2/10 represents 20 percent, as 10 is 100% because it is the Max, so something like 4/10 would be considered 40%
Solution:
Given data:
and 
To find 
:
Distributive property: 
Arrange and add/subtract same powers.
Hence
