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:
option 4
Step-by-step explanation:
Answer:
x= 7/5
Step-by-step explanation:
Answer: None
Step-by-step explanation:
If A=4, say for example, our list becomes: 3/4, 4/5, 75%.
This in decimal form becomes: 0.75, 0.8, 0.75 which is clearly not in ascending order.
If A =5, the list becomes 3/5, 5/5, 75% which clearly is 0.6, 1, 0.75 which is also not in ascending order.
For any value of A greater than 5, the second term A/5 is greater than 1 thus being less than the third term 0.75.
Therefore there is no whole number A that makes the list true.
The answer is 0.6, 5 or higher add one more, 4 or less stays the same
