A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and ...

A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and the average costs are 55 . At what price does the firm consider shutting-down in the long run?
a. 45
b. 40
c. 95
d. 55

QUESTION 2

If Sarah decides not to hit Tom, what would Tom's best response be
a. Tell
b. Not tell
c. Run
d. Hide

QUESTION 3

A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and the average costs are 55 . At what price does the firm consider shutting-down in the short run?
a. 45
b. 40
c. 95
d. 55

QUESTION 4

If Tom tattles, what would Sarah's best response be
a. Hit
b. Not hit
c. Run
d. Hide

QUESTION 5

A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and the average costs are 55 . In the long run, the firm should
a. Shut-down as the firm is making a loss of 15 million per week
b. Shut-down as the firm cannot cover the variable costs
c. Shut down because the price is lower than average cost
d. None of the above

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A firm sells 300,000 units per week. It charges 35 per unit, the average variable costs are 40, and ...

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