The answer is 0.75.
When taking the compliment, remember it is always of the form :
<u>1 - p'(x) or 1 - p(x)</u>
Hence,
Answer:
Following are the solution to this question:
Explanation:
Please find the complete question and its solution in the attached file.
Answer:
TRUE
Explanation:
The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.
Thanks
Answer:
It must shut down
Explanation:
Even at the lower average variable cost, which is 3.50 dolllar will be lossing money given a market price of 3.00 dollar
Considering is not making enough to cover the variable cost the best option is to shut down and only take a hit for the fixed cost until it can totally exit the market. If it tries to produce it will only make thinks worse as producing generates more losses
