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:
The probability is 1/28,561
Step-by-step explanation:
Here, we want to find the probability that each of the players will receive exactly one ace.
In a deck of cards, we have 4 suites of 13 cards each, with each of the suites consisting of 1 ace.
So, the probability of getting an ace for each of the four players will be 4/52 = 1/13
Now, the probability of each of the players getting exactly one ace will be; first got one ace , second got one , third got one and fourth got one.
mathematically, this probability will be 1/13 * 1/13 * 1/13 * 1/13 = (1/13)^4 = 1/28,561
(x,y)=(64/81, 70/81) I can provide a description if needed. I used the process of elimination.
Answer:
C
Step-by-step explanation:
The minimum you can stay is 1 night, which would be 100 dollars. Since there's a fee, and can only stay 7 nights, the max number would be 900.
Answer:
63.6
Step-by-step explanation:
63.625
63.6
