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Homework answers / question archive / 1)Baywatch Press is about to publish a book on lifesaving techniques that will sell for $20 The fixed cost of publishing the book is $6000; the average variable cost is $5 per copy

1)Baywatch Press is about to publish a book on lifesaving techniques that will sell for $20 The fixed cost of publishing the book is $6000; the average variable cost is $5 per copy

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1)Baywatch Press is about to publish a book on lifesaving techniques that will sell for $20 The fixed cost of publishing the book is $6000; the average variable cost is $5 per copy. Compute the book's break-even quantity (i. e, the quantity where total revenue equals total cost).

2)A certain firm is observed to have a U-shaped short-run average total cost curve. Assuming input prices are constant, what economic factor(s) explain the shape of this relationship?

3) Another firm is observed with a U-shaped long-run average total cost curve. Again assuming that input prices are constant what economic factor(s) explain the shape of this relationship?

4)True or False. Anything worth doing is worth doing well. (THINK carefully about your own behavior before answering this question.) Explain your answer to 25.

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