Your average total cost is $30; the price you receive for the good is $15. Should you
Question:
Your average total cost is $30; the price you receive for the good is $15. Should you keep on producing the good?
Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Based on the information provided it appears that your average total cost for producing the good is ...View the full answer
Answered By
MICHAEL KICHE
I was employed studypool for the first time in tutoring. I did well since most of my students and clients got the necessary information and knowledge requested for. I always submitted the answers in time and followed the correct formatting in answering eg MLA or APA format,
Again I worked with the writers bay where I did writing and got many clients whom we worked with so closely. They enjoyed every single service I delivered to them. My answers are always correct.
4.70+
13+ Reviews
52+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, then the expansion would provide ________ to the...
-
The derivative of f(x,y) at Po(1.2) in the direction of 7+is 2/2 and in the direction of -21 it is -3 What is the derivative of f in the direction of -1-21?
-
What is the temperature of a gas of CO2 molecules whose rms speed is 309 m/s?
-
A boy is using a rope to pull a sled to the right. What are the directions of the tension force and the friction force on the sled, respectively? A. Right, right B. Right, left C. Left, right D....
-
This case deals with several issues regarding contract formation under the UCC. Logan and Kanawha Coal agreed to purchase coal from Detherage via a fax dated March 9, 2010. The fax stated that it had...
-
Acme Manufacturing makes a variety of household appliances at a single manufacturing facility. The expected demand for one of these appliances during the next four months is shown in the following...
-
Float is defined as the difference between the balance shown on the books and the balance in the bank account. A lag often occurs between the time receipts and disbursements are recorded on the...
-
True or false? Because entrepreneurs are motivated by opportunities to sell an item at a price higher than the average cost of producing it, they do not start for-benefit firms. Explain your answer.
-
What is the role of the entrepreneur in translating cost of production into supply?
-
Construct a truth table for the statement. q (p ~ q)
-
Calculate the required diameter for certified-capacity liquid rupture discs for the following conditions. Assume a liquid specific gravity of 1.2 for all cases. Liquid flow a. 500 gpm b. 100 gpm c. 5...
-
Draw a graph of the relationship between the revenue per theatre on the y -axis and the number of theatres on the x -axis. Describe the relationship. LEGO Tops the Box Office Movie The LEGO Movie...
-
Four cranes are being assigned to five construction jobs. One of the jobs will be delayed until one of the cranes becomes available after finishing the first job. An assignment model will be used. To...
-
Why would a valid contract be unenforceable? Give examples.
-
Real (inflation-adjusted) tuition costs were nearly constant during the 1960s despite a huge increase in the number of college students as the very large Baby Boom generation came of age. What do...
-
(a) How would you evaluate x5 e2x dx by hand? (Dont actually carry out the integration.) (b) How would you evaluate x5 e2x dx using tables? (Dont actually do it.) (c) Use a CAS to evaluate x5 e2x dx....
-
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate?
-
Explain why you agree or disagree with the following statements: a. A country that grows faster than its major trading partners can expect the international value of its currency to depreciate. b. A...
-
Do you favor debt forgiveness to all the DVCs, just the poorest ones, or none at all? What incentive problem might debt relief create? Would you be willing to pay $20 a year more in personal income...
-
What types of products do the DVCs typically export? How do those exports relate to the law of comparative advantage? How do tariffs by IACs reduce the standard of living of DVCs?
-
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in...
-
Mitch Co. had the following Inventory purchases during May: May 5th - 20 units @ $10/each May 12th - 15 units @ $11/each May 20th - 5 units @ 9/each Mitch Co. uses Specific Identification to assign...
-
4. Electroluxy appliance Company produces microwave. The following information relates to The Company in June 2024 : Required: Sales 8,000 units Per Unit Total Selling price per unit $100 $800,000...
Study smarter with the SolutionInn App