Answer:
The correct answer is: continue operating, exit the market.
Explanation:
The total revenue of a firm is $1,250.
The variable cost is $1,000.
The total fixed cost is $500.
At this level of output, the firm is maximizing profit.
The total cost here is
= TFC + TVC
= $500 + $1,000
= $1,500
The total cost incurred is greater than the total revenue earned. This means that the firm is having losses. The firm will not shut down in the short run as it will operate until the variable cost is being covered.
But in the long run, the firm will exit the market as it will need to cover all the costs to continue operating.
Answer:
B)Since the development of human capital is an important determinant of economic growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.
Explanation:
From the question, we are informed about Brazil having a population of about 210 million, with about 150 million over the age of 15. And Of these, an estimated 25 percent, or 37.5 million people, are functionally illiterate, and also compare how the typical literate individual reads only about two nonacademic books per year, which is less than half the number read by the typical literate U.S. or European resident.
From the view of New growth theory,the option that explains the implications of Brazil's literacy and reading rates for its growth prospects is that Since the development of human capital is an important determinant of economic growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.
New growth theory, which was attributed to Paul Romer, explains about Economic growth in the long run in related to internal factors of with knowledge as well as human capital. In this scenario Brazil should arrive to make sure the literacy rate among people is increased as possible
Answer:
The company using FIFO will have the highest ending inventory.
Explanation:
I think this is correct,
<span>D. None of these answers is correct. The industrial work that is done in the factory is of quality there should not be any problem. The manual work of expert artisans must also be quality work and therefore, in none of the cases should the work be of less quality. Social status does not matter because it is a comparison in the realization and quality of work not in social aspects of workers.</span>
China has the most extensive rate of cell phone in the world. The number of phone subscription in china increases month by month.According to reports in September 2017 about 1.39 billions mobile phone subscription had been registered in china.In December 2016 in china about 96.40 citizen had a an access to cell phone.
