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UG Tech,Inc.is a perfectly competitive firm producing wireless earbuds where marginal revenue is equal to marginal cost.The current market price of wireless earbuds is $30.00.UG Tech,Inc.sells 500 wireless earbuds.Its short-run average variable cost is $10.00 and its average fixed cost is $5.00.What should UG Tech,Inc.do?
Compounded Daily
A method of calculating interest where the interest earned is added to the principal daily, resulting in earning interest on interest.
Effective Yield
A measure of the return on an investment, considering the compound interest rate.
Decimal Places
The positions to the right of the decimal point in a decimal number, indicating fractions of ten.
Compounds Interest
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
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