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
I need help with this asw
Y= my+b
-2=0/3x -2
I’m actually not very sure about this but
Answer: y = -2x + 16
Explanation:
Use point slope form:
(y1 - y) = m(x1 - x)
y1 = 6 and x1 = 5 and m = -2
6 - y = -2(5 - x)
6 - y = -10 + 2x
-y = 2x - 10 - 6
-y = 2x - 16
y = -2x + 16
Step-by-step explanation:
Take the number as x
12x-40=7x+25
collect like terms
12x-7x=25+40
5x=65(divide both sides by 5)
x=13
Therefore number is 13
