1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastovalidia [21]
3 years ago
10

What should the firm do if there is no possible output where the price would at least be equal to average variable costs

Business
1 answer:
garri49 [273]3 years ago
3 0

Answer:

Since the average variable cost curve lies below the average total cost curve, this implies that the average variable cost is the lowest price at which the producer can sell.

If there is no possible output where the price would be at least equal to the average variable costs, the firm should cease production, because it is not going to recover its costs, not to talk about making a profit.

Explanation:

A firm's average variable cost is the total variable cost divided by the total output.  For example, if the total variable cost for a particular product is $4,500 with a total output of 450 units, then the average variable cost is $10 ($4,500/450).

You might be interested in
Barbara allows her comprehensive major medical plan to lapse. If her policy is reinstated on March 20th and she contracts mononu
Nookie1986 [14]
69 bensnjsjsmajamsjnsjsnsnsnsnsnsnsnsnsnsnsn
6 0
3 years ago
Today's organizations can be divided into three groups, which are __________ organizations. D. employee, distributor, and custom
avanturin [10]

Answer:

Today's organizations can be divided into three groups, which are-Profit, Nonprofit, and Governmental organizations.

Explanation:

For-profit businesses, non-profit organizations, and governments can all play unique and valuable roles in society. However there are certain challenges that are best addressed by cooperative ventures involving all three sectors.

5 0
4 years ago
If output is above its natural rate, then according to sticky-wage theory_____________.
Serga [27]

Answer:

Option A

Explanation:

workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate  supply curve left.

7 0
3 years ago
​________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in sma
konstantin123 [22]

Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.

The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.

By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

Learn more about intermediaries here : brainly.com/question/25736500

5 0
3 years ago
An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode
yKpoI14uk [10]

An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department

<h3><u>Explanation:</u></h3>

Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.

They also promote by giving certain discounts and offers during  vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.

6 0
3 years ago
Other questions:
  • 1. What is the revised net operating income if unit sales increase by 16%? 2. What is the revised net operating income if the se
    5·1 answer
  • (LC)What is any specific instance of media whose goal is to influence its audience, and does so by selectively including informa
    7·1 answer
  • If a purchase agreement says to release earnest money after the inspection date, then the seller demands the money be release pr
    6·1 answer
  • LA Diversified Inc. recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3.8%. The stock has
    8·1 answer
  • What political reasons Government intervention in markets​
    15·1 answer
  • A corporate bond is quoted at a price of 103.16 ($1031.60) and carries a 5.20 percent coupon. The bond pays interest semiannuall
    12·2 answers
  • Suppose that the airline industry is in long-run equilibrium when the price of gasoline increases, raising the cost of operating
    6·1 answer
  • Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving over 500,000 restaurants,
    6·1 answer
  • Fine Furnishings manufactures upscale custom furniture. currently uses a plantwide overhead rate based on direct labor hours to
    14·1 answer
  • A major problem with the implementation of an annually balanced budget is that it?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!