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:
g = -3
Step-by-step explanation:
Answer:
y = 8x + 2
Step-by-step explanation:
Slope-intercept form: y = mx + b
m = slope
b = y-intercept value
If you convert the fractions to ___/20 then you will see. Here; 2/5 = 8/20. 1/4 = 5/20. I hope this helps.
