A firm's marginal cost has a minimum value of $50, its average variable cost has a minimum value of $80, and its average total cost has a minimum value of $90. Then the firm will shut down if the price of its product falls below
a. $90.
b. $80.
c. $50.
d. $40.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm's marginal cost has a minimum value of $50, its average variable cost has a minimum value of $80, and its average total cost has a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Joe Bob is the grantor of a deed, and is in the final stages of transferring a deed to the new owner, Frank. What must Joe Bob do in order to satisfy delivery and acceptance of the deed to Frank?
Answers (1)
When computing earnings per share, noncumulative preferred dividends not declared should be:A. Ignored. B. Deducted from earnings for the year. C. Added to earnings for the year. D. Deducted, net of tax effect, from earnings for the year.
Answers (1)
A private pilot wishes to insure his airplane for$200,000. The insurance company estimates that a total loss will occur with probability 0.002, a 50% losswith probability 0.01, and a 25% loss with probability 0.1.
Answers (1)
Closing Entries After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger of Cabriolet Services Co.
Answers (1)
A new startup airline is offering free round-trip tickets to anywhere to the first 600 people who enter the office on the airline's first day of business.
Answers (1)
New Questions in Business
One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.
Answers (2)
The aims of mercantilists do not include a. achieving power and wealth for the state. b. achieving political and economic unity
Answers (1)
In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).
Answers (1)
Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False
Answers (1)
Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?
Answers (2)