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klemol [59]
3 years ago
13

Is the following statement True, False or Uncertain? Explain your answer. "In the long run, firms will exit the market if price

falls below the firm’s average total cost
Business
2 answers:
Ratling [72]3 years ago
4 0

Answer:

True

Explanation:

The purpose of any business is to make profit, which is from the difference between revenues (price of product multiplied number of product sold) with the cost of goods sold (average total cost multiplied number of product sold).

In short, the profit = (price - average total cost) x number of product sold.

Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.

Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.

nexus9112 [7]3 years ago
4 0
I think no , if he decided to leave, he will lose his share in market . And this not easy to to in short run
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Answer:

The correct word for the blank space is: network.

Explanation:

A network server is a computer set to be the central server to provide access of any kind such as software, devices, documents, and profiles access to other computers connected to the same network. Network servers are similar to workstations but simpler in use so high executives (managers) with average knowledge of computers can handle them with no complications.

3 0
3 years ago
An investor looking for which of the following investment goals would be BEST served by a deferred variable annuity?
Ne4ueva [31]

Answer:

1. Investors seeking capital appreciation over a long period of time

Explanation:

Deferred variable annuity are designed to provide long term capital appreciation. They do not provide immediate income. They do not adjust their return for inflation and they are not fixed rate securities.

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7 0
3 years ago
PB1.
Vera_Pavlovna [14]

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It would be 787878347

4 0
4 years ago
World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wirea hig
Alona [7]

Answer:

whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit

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World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.

They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.

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7 0
3 years ago
All of the following indicate a possible pest infestation EXCEPT:
Dominik [7]

Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.

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  • Another one is Gnaw marks on a trash can.

Therefore, option A is correct.

Learn more at:

brainly.com/question/3842535?referrer=searchResults

6 0
3 years ago
Read 2 more answers
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