Suppose a profit-maximizing firm in a competitive market produces rubber bands. when the market price for rubber bands falls below the minimum of its average total cost, but still lies above the minimum of average variable cost, in the short run the firm will: a. earn both economic and accounting profits. b. shut down. c. raise the price of its product. d. experience losses but will continue to produce rubber bands.

answer: the correct answer id option(d).

explanation:

snell's law refraction:

the angle of refraction =

the angle of incidence =

refractive index of air = = 1

refractive index of glycerol = 1.47

from the given options, the most closest answer to 63.72° is 65° of option (d).

d₁ = displacement of tern from arctic to antarctic = 11000 miles

d₂ = displacement of tern from antarctic to arctic =   - 11000 miles

d = total displacement for the journey

total displacement for the journey is given as

d = d₁ + d₂

d = 11000 + (-11000)

d = 0 miles

t₁ = time of travel from arctic to antarctic = 3 months = 3 x 30 days = 90 days

t₂ = time of travel from antarctic to arctic = 3 months = 3 x 30 days = 90 days

t = total time of travel

total time of travel is given as

t = t₁ + t₂

t = 90 + 90

t = 180 days

average velocity is given as

average velocity = total displacement/ total time

v = d/t

v = 0/180

v = 0 miles/day