Should a firm shut down if its revenue is R = $ 1,000 per week, a. Its
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A firm shuts down only if it can reduce its loss by doing ...View the full answer
Answered By
Minu Wahi
I am M.sc (molecular biology) with B.ed . i have 8 yra experience of teachings. i will try to satisfied my all students with my tutoring skills. i will try to use the simple and illustration methods to solve the problems.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
Question Posted:
Students also viewed these Economics questions
-
Should a firm shut down if its weekly revenue is $ 1,000, its variable cost is $ 500, and its fixed cost is $ 800, of which $ 600 is avoidable if it shuts down? Why? 2.5.
-
Under what conditions will a firm shut down temporarily? Explain.
-
The Finishing Department of Pinnacle Manufacturing Co. prepared the following factory overhead cost budget for October of the current year, during which it expected to operate at a 100% capacity of...
-
A space-filling curve is a continuous curve in the unit square that passes through every point. Write a recursive Turt le client that produces these recursive patterns, which approach a space-filling...
-
Using your knowledge of the accounting equation, solve the missing values in the following table: Assets Liabilities Equity 100 000 20 000 a. 67000 20 000 d. 30000 95 000 C. 8300 5 500+
-
In a game of pool, ball A is moving with a velocity v0 of magnitude v0 = 15 ft/s when it strikes balls B and C, which are at rest and aligned as shown. Knowing that after the collision the three...
-
Table B. 13 presents data on the thrust of a jet turbine engine and six candidate regressors. Use all possible regressions and the \(C_{p}\) criterion to find an appropriate regression model for...
-
Privately owned BlueScreen Corporation is pri-marily a retailer of computer equipment for individuals and small business. The effective cost of computer equipment and peripherals, at both the retail...
-
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount of Markup Selling Price (in $) Percent Markup Based on Cost Bar...
-
The accompanying figure shows a network of one-way streets with traffic flowing in the directions indicated. The flow rates along the streets are measured as the average number of vehicles per hour....
-
Initially, the market price was p = 20 and the competitive firms minimum average variable cost was 18, while its minimum average cost was 21. Should it shut down? Why? Now this firms average variable...
-
The cost function for Acme Laundry is C( q) = 10 + 10q + q2, so its marginal cost function is MC = 10 + 2q, where q is tons of laundry cleaned. Derive the firms average cost and average variable cost...
-
Using the data in the attached document, create a network diagram in the form of a flowchart. In practice, it is recommended that you include a specific Start node and a specific End node on your...
-
The primary reason for the creation of the Federal Reserve System was: OA. to reduce or eliminate future bank panics. OB. to eliminate state-chartered banks. OC. to create a single central bank...
-
Three point charges, +5.8 C, +2.4 C, and -2.4 C, lie along the x-axis at 0 cm, 2.4 cm, and 5.7 cm, respectively. What is the force exerted on q by the other two charges? (To the right is positive.)...
-
1 . Suppose we have two infinite planes. One is the x - y plane, and the other is parallel, but goes through z = 2 5 cm . a . If the plane at 2 5 cm is at 1 0 Volts, and the plane at 0 cm is at 0...
-
You're caught running a red light on Hwy 3 1 6 . Attempting to impress the skeptical patrol officer with your physics knowledge, you claim that you were traveling so fast that the red light ( 6 9 4...
-
How much energy does a refrigerator have to remove from 2 . 0 2 . 0 kg of soup at 2 0 . 0 2 0 . 0 deg C to make it 1 5 . 0 - 1 5 . 0 deg C ? ( ? ( Assume that the soup can be approximated as...
-
Consider the data set in Table 12-1 for the methanol (1) + dimethyl carbonate (2) system at two different temperatures: 337.35 K and 428.15 K. Develop a modeling approach that can properly...
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
In Example 4.3 (hospital visits), apply a ZIP regression with the seven predictors now used to predict both \(\zeta_{i}\) and \(\mu_{i}\), and additionally with predictor selection (e.g. using...
-
1. Demand is ____on the upper portion of a linear demand curve and ____on the lower portion of a linear demand curve. 2. Suppose we are on the upper portion of a linear demand curve. If the price...
-
1. Demand is ____on the upper portion of a linear demand curve and ____on the lower portion of a linear demand curve. 2. Suppose we are on the upper portion of a linear demand curve. If the price...
-
1. The income elasticity of demand is _____ (positive/negative) for normal goods and _____ (positive/negative) for inferior goods. 2. If a 20 percent increase in income increases the quantity of...
-
The community nursing service team provides nursing care to patients in the community, Discuss?
-
Why are angiosperms so diverse (when compared with non-flowering lineages of plants)? How expensive flowers are to produce for the plant (they cost lots of ATP to make); what benefit do they provide...
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct labor...
Study smarter with the SolutionInn App