The Minimum Possible Average Total Cost of a Computer Repair

question 42

Multiple Choice

The minimum possible average total cost of a computer repair shop is $40 and the minimum possible average variable cost is $30.If you operate this shop,you will shut it down immediately if the equilibrium price of computer repairs falls below

• A)$40.
• B)$35.
• C)$30.
• D)$20.
• E)$10.

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Definitions:

Legality

The state or condition of being in accordance with the law; adherence to and conformity with legal statutes, rules, and standards.

Consideration

The benefit, interest, right, or value given to one party in exchange for some act or promise in a contract.

Intent to be Bound

A party's clear expression or indication through words or actions that they agree to be legally obligated by the terms of a contract or agreement.

Paralegals

Professionals trained in legal matters who assist lawyers in their work, but are not licensed to practice law themselves.