True or false: If marginal cost lies below average fixed cost, the firm should shut down in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
The firm should shut down if and ...View the full answer
Answered By
Ann Wangechi
hey, there, paying attention to detail is one of my strong points, i do my very best combined with passion. i enjoy researching since the net is one of my favorite places to be and to learn. i am a proficient and versatile blog, article academic and research writing i possess excellent English writing skills, great proof-reading. i am a good communicator and always provide feedback in real time. i'm experienced in the writing field, competent in computing, essays, accounting and research work and also as a Database and Systems Administrator
4.90+
151+ Reviews
291+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
True or False If the degree of the numerator of a rational function equals the degree of the denominator, then the ratio of the leading coefficients gives rise to the horizontal asymptote.
-
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.
-
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...
-
What are the advantages and disadvantages of seismic reflection data sets?
-
Pigeon Falls Fertilizer Company is listed on the NYSE. Gabby Hartnett, the specialist handling Pigeon Falls stock, is currently bidding 35| and asking 35f. What would be the likely outcomes of the...
-
If Grandma is not available to babysit, then we cannot go to the movie. Write the converse, inverse, and contrapositive of the statement in sentence form.
-
19. The load of 800 lb is supported by the four 304 stainless steel wires that are connected to the rigid members AB and DC. Determine the angle of tilt of each member after the load is applied. The...
-
Record the following transactions on the books of Cohen Co. (Omit cost of goods sold entries.) (a) On July 1, Cohen Co. sold merchandise on account to Tracy Inc. for $23,000, terms 2/10, n/30. (b) On...
-
17. (30 Points) Suppose the following instructions are found at the given locations in memory: 20 LDA 60 560 21 ADD 61 22 OUT 23 COB 60 DAT 25 61 DAT 6 161 902 Show the contents of IR, PC, MAR, IOR,...
-
Rice Corporation is negotiating a loan for expansion purposes and the bank requires financial statements. Beforeclosing the accounting records for the year ended December 31, 2021, Rice?s controller...
-
Why are pecuniary economies and diseconomies said to be the exception rather than the rule?
-
Suppose all firms in a competitive industry are operating at output level for which price is equal to long- run marginal cost. True or false: This industry is necessarily in long- run equilibrium.
-
Biological muscle cells can be thought of as nanomotors that use the chemical energy of ATP to produce mechanical work. Measurements show that the active proteins within a muscle cell (such as myosin...
-
Jackson, Inc. has prepared a year-end 2024 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred. 1. The Supplies account shows a balance of $2,540,...
-
Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of...
-
Consider a world that only consists of the three stocks shown in the following table: a. Calculate the total value of all shares outstanding currently. b. What fraction of the total value outstanding...
-
Aggregate planning is a method for analysing, developing and maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. Q1 - In reference to the abovementioned...
-
3) Joey has $90,000 to invest. Of this amount, he reserves $30,000 for risk-free assets, leaving $60,000 to allocate to risky assets. There are only three firms in the economy, each of which issues...
-
Combustion analysis of naphthalene, a hydrocarbon used in mothballs, produces 8.80 g CO 2 and 1.44 g H 2 O. Calculate the empirical formula of naphthalene.
-
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
-
Discuss the distinct feature of an RRS filter with even and odd values of \(M\).
-
A common marketing tactic among many liquor stores is to offer their clientele quantity (or volume) discounts. For instance, the second-leading brand of wine exported from Chile sells in the United...
-
Suppose that a CEOs goal is to increase profitability and output from her company by bolstering its sales force and that it is known that profits as a function of output are = 25q q2 (in millions...
-
Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workers compensation and has decided to cut the wages of its two employees (Albert and Sid)...
-
A 200 mm reinforced concrete wall carries a dead load of 140 kN/m including self-weight and a live load of 60 kN/m. It is to be carried by 500 mm thick footing with its bottom 1.5 m below NGL. Soil...
-
Using www.land.vic.gov.au look up your current place of abode to gather planning information that might be useful in assessing its future development potential. 2. Write one-page report in WORD...
-
The following situation is an example for a fire detection and suppression system in an office building. The Initiating Event (IE) for the Event Tree is "fire starts", with a frequency of once every...
Study smarter with the SolutionInn App