Should a firm shut down if its weekly revenue is $ 1,000, its variable cost is $
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (11 reviews)
Only 200 of the fixed cost is sunk The firm should shut down i...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
4.80+
27+ Reviews
85+ 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 revenue is R = $ 1,000 per week, a. Its variable cost is VC = $ 500, and its sunk fixed cost is F = $ 600? b. Its variable cost is VC = $ 1,001, and its sunk fixed cost...
-
Under what conditions will a firm shut down temporarily? Explain.
-
If the variable cost amounts to $130 000 when sales are $250 000, what will the variable cost be when sales are $350 000?
-
Consider the case of J polluters and with abatement cost functions C j (e j ) and one pollution victim. Abatement costs are ordered from highest to lowest such that C 1 (e 1 )>C 2 (e 2 )>>C J (e J )....
-
Discuss the purpose of a double-entry bookkeeping system.
-
What is knowledge management? How might it be used?
-
A layer of oil flows down a vertical plate as shown in Fig. P4.63 with a velocity of \(\mathbf{V}=\left(V_{0} / h^{2} ight)\left(2 h x-x^{2} ight) \hat{\mathbf{j}}\) where \(V_{0}\) and \(h\) are...
-
You decide to help I. M. with his analysis. A good fax machine will cost $500 and functions properly for five years. The phone company charges $300 for installing a new line and $60 a month for the...
-
1. Many courses use group projects. What are some of the things that make positive group project experiences? 2. How can a manager motivate employees? Give some specific ideas. Include when you've...
-
In a study of the accuracy of fast food drive-through orders, Burger King had 264 accurate orders and 54 that were not accurate (based on data from QSR magazine). a. Construct a 99% confidence...
-
A firm that owns and manages rental properties is considering buying a building that would cost $ 800,000 this year, but would yield an annual revenue stream of $ 50,000 per year for the foreseeable...
-
A firm has to pay a tax equal to 25% of its revenue. Give a condition that determines the output level at which it maximizes its after-tax profit.
-
The Court recalls its case law in this regard in the sense that Article 21 of the American Convention protects the close relationship that the indigenous peoples have with their lands, as well as...
-
(a) Graph the equation 3x-5y=35 (b) Write the equation of the line satisfying the given conditions; the line contains the point (-6, 1) and is parallel to 2x-3y=6
-
3. (a) Derive an expression for the discriminant function g(x) for a 2-class minimum- classifier, based on Euclidean distance, for class means distance-to-class-means and . Is the classifier linear?...
-
Let's assume that after a product has been delivered, a fault is detected in the software of the product. The costs of fixing this fault are 20,000 CAD. What would be the costs if this fault has been...
-
Solve the system of equations. 4x 5y +5x=-61 x = y = Z= 5y - 4z = 40 4z = -20
-
The various elements of the Lucky Me Animal Rescue adoption event project budget and how the scope and schedule are used to create the budget. Note: You may assume any reasonable total budget. The...
-
Discuss the proposition that traditional (numbers) workforce planning is only of interest to organisations in periods of growth when unemployment levels are low.
-
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...
-
In Example 7.4 on employment histories, estimate model 2 using a lag in \(y\) rather than \(Z\), and also apply the random effects selection of Section 7.5, to assess whether there is exclusive true...
-
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...
-
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...
-
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 art of negotiation is especially important when working in an international business setting. Negotiating a successful contract is a highly valuable skill that is to be attained by working on...
-
1. At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $351,500. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the...
-
Your company wants you to research the potential for implementing a relational database. How would you explain a relational database to them? What are the pros and cons of relational databases? What...
Study smarter with the SolutionInn App