Apencil manufacturer is in a perfectly competitive market. the firm can sell as much as it wants at a price of $1.50 per pencil. at some production levels, its average variable costs are less than $1.50, but there is not production level where its average total cost is equal or less than $1.50. what would be your recommendation to the pencil manufacturer?

Need true or false 1 2 3 4 5 6 7 8

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?