Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the answer to QUESTION 6(The answer is definitely not B or D). The answer to question 5 is F. Again, i need the
I need the answer to QUESTION 6(The answer is definitely not B or D). The answer to question 5 is F. Again, i need the answer for Question 6 and the answer is definitely not B or D. Thank you!
b) FALSE UNCERTAIN QUESTION 5 Dolores's lawn cutting service is a profit-maximizing competitive firm. She cuts lawns for $24. each. Her total cost each day, is $280 of which 530 is fired cost. She performs 10 lawn cuts a day. Then, in the short run, Dolores's company A. Suffers a loss of $30: 8. Suffers a loss of $20: C. Enjoys a profit of $100: D. Enjoys a profit of 530 E. Suffers a loss of $10. F. Suffers a loss of $40. il Ansters to save all answers QUESTION 6 Given your answer to Question 5, what can you say about Dolores's firm: A. It should continue operating both in the short and in the long run. In the long run the market price equals the break-even price. B. It should continue operating in the short run and exit in the long run. In the long run the market price equals the shutdown price. C. It should shut down the firm in the short run since the market price is below shutdown price. D. It should continue operating in the short run since the price is above the shutdown price but below the breakeven price. E. it should shut down the firm in the short run since the market price is below the breakeven price. month. If Google produces 11,000 ads perStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started