12 3 4 5 6 7 8 9 10 time remaining 32: 20 based on the lesson, what would most affect the price a consumer is willing to pay for a newer version of a laptop computer? the materials used in its construction the demand for the added performance elements the quality of goods produced by the manufacturer the numbers of previous models stored in the warehouse

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

Which term refers to the cost that motivates an economic decision