I think this would be 4≥X<span>>-8
</span>
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
The slope of the linear function shown is of -1/3.
<h3>What is a linear function?</h3>
A linear function, in slope-intercept formula, is modeled by:
y = mx + b
In which:
- m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
- b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.
Given two points of a line, the slope is given by <u>change in y divided by change in x</u>.
In this problem, the line goes through points (-3,0) and (0,-1), hence the slope is given by:
m = (0 - (-1))/(-3 - 0) = 1/-3 = -1/3.
More can be learned about linear functions at
brainly.com/question/24808124
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I think the mean of variable a is 4
