A Firm Produces Three Products A, B, and C

question 2

Essay

A firm produces three products A, B, and C. Long-run projected sales per year are 10,000 units of A, 12,000 units of B, and 8,000 units of C.
(a) Determine whether the firm should remain in business under the following conditions:
Good A sells at $5 per unit, and average variable cost (AVC) is $3.5. Good B sells at $7.5 per unit, and AVC is $5. Good C sells at $10 per unit, and AVC is $7.50. Total fixed cost is $60,000 per year.
(b) If the firm allocates fixed cost using standard accounting practices, what is the total accounting profit for each good?

Understand the role of gender and kinship in North American Indian agricultural societies.

Compare the political and religious characteristics of societies in Lower Guinea at the time of European contact.

Draw parallels between African societies and agricultural Indians of the Americas concerning political systems, societal roles, and religious practices.

Distinguish the hierarchical, theocratic, and patriarchal nature of 15th-century societies across Europe, Africa, and Mesoamerica from those of most North American Indian societies.

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Definitions:

Nursing Babies

The act of feeding infants with breast milk directly from the mother's breast, which provides essential nutrients and antibodies.

Gauze Pad

A thin, transparent fabric with a loose open weave, used in medicine to dress wounds and prevent infection.

Reflex Response

An automatic, involuntary reaction to a stimulus that does not involve a conscious decision.

Automatically Grasp

An instinctive or inherent understanding or recognition of concepts or situations without the need for conscious reasoning.