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:
0.05357142
Step-by-step explanation:
Answer:
okayy ,um whats the question? I can't see .
Step-by-step explanation:
the pic is black
Its 0 because the slope would be one if it was a positive line and itd go up and across one unitl and it is undefined if it is parallel to the y axis
Since the manufacturing company is expected to have a lower output by 8.4%, the output in 2016 will only be 91.6%. Given also that their output in 2006 is 1.8 billion dollars, we multiply this value by the decimal equivalent of 91.6% to determine the answer. That is,
projected output in 2016 = ($1.8 B) x (0.916)
= $1.6488 B
Thus, the expected output in 2016 is approximately $1.6488 B.
