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:
40/8
Step-by-step explanation:
40 divided by 8 is 5.
The way you can check this is by multiplying 8*5
Basically what number times 8 will equal 40
Answer:
102 actually just add it up
Step-by-step explanation:
add it up
Answer:
that looks like it is right
