A Firm's Fixed but Avoidable Costs Are $100,000 and Its

question 60

Multiple Choice

A firm's fixed but avoidable costs are $100,000 and its variable costs are $250 per unit.It produces 50,000 units and prices it at $400 per unit.In the long-run,how low can price go before the firm decides to shut down?

• A)​$150
• B)$252
• C)$250.20
• D)​$400

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Definitions:

Social Constructionists

A theoretical approach that views knowledge, identities, and social realities as constructed through social processes and interactions.

Biological Properties

Attributes and characteristics of living organisms, including genetics, metabolism, and reproduction.

Social Structure

The organized pattern of social relationships and social institutions that together compose society, determining the behavior of individuals and groups.

Social Constructionism

is the theory that much of what we understand about our world and ourselves is built through societal interactions and cultural norms rather than existing inherently.