Initially, the market price is p=15, and the competitive firm's average variable cost is 19, while its average cost is 22. Should it shut down? Why?
This firm should
A. not shut down because average fixed cost is less than the market price.
B. not shut down because average cost is greater than average variable cost.
C. shut down because average cost is greater than the market price.
D. shut down because average fixed cost is less than the market price.
E. shut down because average variable cost is greater than the market price.

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.