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
Everyone would be confused because they wouldnt know how to add. if there wasnt money then there with be no objects/food/toys/ect. unless its all free. If it all free then everyone would go crazy because they wouldnt have to calculate how much the item cost.
Answer:
Correct option: B
Step-by-step explanation:
The professor can perform a One-mean <em>t</em>-test to determine whether the average score of the students in his class is more than the average score of all the students attending university.
A <em>t</em>-test will be used instead of the <em>z</em>-test because the population standard deviation is not provided instead it is estimated by the sample standard deviation.
The hypothesis for this test can be defined as follows:
<em>H₀</em>: The average score of the students in his class is not more then the entire university, i.e. <em>μ ≤ 35</em>.
<em>Hₐ</em>: The average score of the students in his class is more then the entire university, i.e. <em>μ > 35</em>.
Given:

The test statistic is:

Thus, the correct option is (B).