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: Yes
If I remember correctly, I believe these ordered pairs indicate a function, as there is exactly 1 output for every input (i.e., (output, input)). If there were 2 inputs of the same number, that'd make this relation not a function.
The percent error is -2.1352% of Jocelyn's estimate. May I have Brainless
If we firstly consider only the terms in x.
subtract 2x from both sides of the equation
⇒5+2x
−2x=2x−2x
+6
Observe that the x terms are eliminated and we are left with
5+0=0+6 that is 5=6 which is invalid
There is no solution to this equation.
