There is no solution to this, due to X can be equal anything. Hope this helps!
keeping in mind that when the logarithm base is omitted, the base 10 is assumed.
![\textit{exponential form of a logarithm} \\\\ \log_a(b)=y \qquad \implies \qquad a^y= b \\\\[-0.35em] ~\dotfill\\\\ \log(x)=2\implies \log_{10}(x)=2\implies 10^2=x\implies 100=x](https://tex.z-dn.net/?f=%5Ctextit%7Bexponential%20form%20of%20a%20logarithm%7D%20%5C%5C%5C%5C%20%5Clog_a%28b%29%3Dy%20%5Cqquad%20%5Cimplies%20%5Cqquad%20a%5Ey%3D%20b%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill%5C%5C%5C%5C%20%5Clog%28x%29%3D2%5Cimplies%20%5Clog_%7B10%7D%28x%29%3D2%5Cimplies%2010%5E2%3Dx%5Cimplies%20100%3Dx)
Can you please include a question please? Thank you
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
