If a firm's total revenue is $5 billion, its fixed costs are $3 billion, and its variable
Question:
a) In the short run?
b) In the long run?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a In the short run the firm will operate Since the total revenue e...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be...
-
Outline a plan that will assess the effectiveness of the market structure for the company's operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment]...
-
Phillips Petroleum is an integrated oil and gas company with headquarters in Bartlesville, Oklahoma, where it was founded in 1917. The company engages in petroleum exploration and production...
-
In your hometown what system is used to price the publicly supplied water? Why was that pricing system chosen? Would you recommend an alternative?
-
Find V0(t) for t > 0 in the network in Fig. P6.34 using the step-by-step method. 4 2 1/2H t=0 3 12V
-
Cerebral palsy limits Elis use of his legs, but with support, he can get on and off a stool. Eli applied for a cashier position at Mars Market. The job description required no experience or...
-
The heat of combustion of a gas is generally determined with the help of the (a) Bomb calorimeter (b) Dean and Stark apparatus (c) Optical pyrometer (d) Orsat analyser.
-
Aaron Corporation is projecting a cash balance of $30,000 in its December 31, 2013, balance sheet. Aarons schedule of expected collections from customers for the first quarter of 2014 shows total...
-
A 4.20 kg block is attached to a spring with spring constant 2140 N/m. The block is resting on a horizontal, frictionless surface. It is pulled 4.20 cm from the equilibrium position and given an...
-
The Coca-Cola Company pulled a UK Internet promotion campaign after parents accused it of targeting children by using references to a notorious pornographic movie. As part of its efforts to reach...
-
How do you start responding to others? What do you need to look for in a response?
-
When Peter Pan Co. acquired 80% of the common stock of Smee Corp., Smee owned land with a book value of $70,000 and a fair value of $100,000. What amount should have been reported for the land in a...
-
Use Table 1, or software, to find (a) \(B(8 ; 16,0.40)\); (b) \(b(8 ; 16,0.40)\); (c) \(B(9 ; 12,0.60)\); (d) \(b(9 ; 12,0.60)\); (e) \(\sum_{k=6}^{20} b(k ; 20,0.15)\); (f) \(\sum_{k=6}^{9} b(k ;...
-
Are there any other systems and structures that you believe need to be in place before implementing a remote work policy? Explain.
-
The globalization of markets and the globalization of production means that a. people are no longer in control of their own lives. b. we are all connected by the Web. c. companies can take one...
-
Two small objects carry the same amount of charge, and the magnitude of the electric force exerted by one object on the other is \(0.10 \mathrm{~N}\) when they are held \(30 \mathrm{~mm}\) apart. If...
-
Political differences like censorship policies or environmental regulations can affect international business deals. a) True b) False
-
Some survivors of lightning strikes have reported feeling their hair standing on end shortly before the strike. What causes the hair to behave in this way?
-
Compare and contrast the profiling data approach and the development of standard cost for a unit of production at a manufacturing company. Are they substantially the same, or do they have differences?
-
Three successive resonance frequencies in an organ pipe are 1310, 1834, and 2358 Hz. (a) Is the pipe closed at one end or open at both ends? (b) What is the fundamental frequency? (c) What is the...
-
If the premining stress state in Problem 16 where hydrostatic (3D), what shape would be more favorable, an ellipse, rectangle, or ovaloid (with semi-axes ratio of 2)?
-
If the premining stress state in Problem 16 where hydrostatic (3D), what shape would be more favorable, an ellipse, rectangle, or ovaloid (with semi-axes ratio of 2)?
-
If the premining stress state in Problem 18 where hydrostatic (3D), what shape would be more favorable, an ellipse, rectangle, or ovaloid (with semi-axes ratio of 2)?
-
What is the percentage expected annual rate of return on a $ 1 million investment for a 1 5 % interest in a company? In 4 years, the company will be acquired for $ 1 1 million.
-
What is the output of the following program You can submit an image to make sure you don't loose the spacing and alignment in you output program p5 ! Fw.d format real i=234.345,j=-56.123 print...
-
Simplify the expression 5 44z + 99z
Study smarter with the SolutionInn App