If a comparison between average cost and price reveals whether a firm is earning profits, then a comparison between average variable cost and price reveals
a. that if the market price exceeds average cost, profits will be positive.
b. that if the market price is below average cost, then profits will be negative.
c. total revenues are the quantity produced multiplied by the price.
d. whether the firm is earning profit if fixed costs are left out of the calculation.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a comparison between average cost and price reveals whether a firm is earning profits, then a comparison between average variable cost ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services a. they can provide at a lower opportunity costs. b.
Answers (1)
What is a trademark, and why might you register one?
Answers (2)
In the non-strategic sequential labor negotiation game: a. The ability to commit to a strategy gives you an advantage b. The ability to commit to a strategy is irrelevant c. The ability to commit to a strategy gives your opponent an advantage d.
Answers (1)
Use the following information on a company's investments in equity securities with no significant influence. The company's accounting year ends December 31.
Answers (1)
Bulldog Corporation reported taxable income of $500,000 this year, before any deduction for any payment to its sole shareholder and employee, Georgia Brown. Bulldog chose to pay a bonus of $100,000 to Georgia at year-end.
Answers (1)
New Questions in Business
Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not? A.
Answers (1)
The right of ___ is when businesses can compete against each to sell their goods and services to buyers. private property competition freedom of choice demand
Answers (1)
Which of the following is a claim against sporting goods giants such as Adidas, Puma, and Nike and the conditions in their international manufacturing plants?
Answers (1)
A put writer would be "covered" by: (A) A long call (B) Another short put (C) Cash equal to the strike price multiplied by 100 shares (D) An escrow receipt for 100 shares of the underlying stock
Answers (1)
Stephanie is a calendar year cash basis taxpayer. She owns a 50% profit and loss interest in a cash basis partnership with a September 30 year-end.
Answers (1)