Business, 15.11.2021 01:00, gunaranjan09
At a firm’s current rate of output, the marginal cost is $15, the average variable cost is $10, the average fixed cost is $5, and the product price is $15. Which of the following statements is true for the firm
?A).Economic profits are zero because price equals average total cost
B) .Economic profits are zero because marginal revenue equals marginal cost
C).Accounting profits are negative because price is greater than average variable cost
D) .Accounting profits are negative because total revenue is less than total cost
E) .Economic profits are positive because total revenue is greater than total cost
and how you know that
Answers: 1
Business, 22.06.2019 06:20, kingyogii
At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58
Answers: 1
Business, 22.06.2019 10:20, Sparkledog
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 17:50, nuggetslices
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
At a firm’s current rate of output, the marginal cost is $15, the average variable cost is $10, the...
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