Suppose a perfectly competitive firm faces the following situation: P = $9, output = 4,000, ATC = $8, AVC = $6, and MC = $9. How can someone determine whether this firm's market is productively efficient?a. It is not in equilibrium because MC = AVC = P = ATC at long-run equilibrium. b. It is in equilibrium because MC = P = AVC = ATC at long-run equilibrium. c. It is in equilibrium because MC = P = MR = SRATC at long-run equilibrium. d. It is not in equilibrium because MC = ATC = MR = P at long-run equilibrium

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above