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: 5 : 3
Step-by-step explanation:
The ratio of shirts to pants can be shown by putting the number if shirts and pants in the following manner:
Number of shirts : Number of pants
20 : 12
Then you have to take this to the lowest term. 4 is a factor of both numbers so when divided by 4 we get:
= 5 : 3
This is the ratio.
For each of the following relationships, graph the proportional relationship between the two quantities, write the equation representing the relationship, and describe how the unit rate, or slope is represented on the graph.
It is prime because nothing equals it other than 5x1
Answer:
x = 27
Step-by-step explanation:
To isolate x, we can multiply it by the reciprocal of the fraction (-3/2). We do the same to the -18.
Through cross-multiplication, -18/1 x -3/2 simplifies into -9/1 x -3/1 (because 2 goes into 2 once and 2 goes into -18 -9 times).
-9 x -3 = 27; therefore, x = 27
