Answer:
A firm is a price taker BECAUSE other firms can dive into the market with ease and manufacture a product that is not so different from every other firm's product. With this, it will not be easy for any firm to set their own prices.
Explanation: A trade that do not affect the price of a commodity if he or she buys or sells shares is called a PRICE TAKER.
Firms in perfectly competition market are price takers because as soon as the equilibrium price is set for a commodity, firms must accept.
Agriculture is an example of a perfect competition since each farmers have no control on the market price .
Also, financial assets like stocks and bonds is a good example too
Answer:
Jet speed = 395
Wind = 7
Explanation:
Let :
Speed of jet = x
Speed of wind = y
Distance = speed * time
With tailwind :
804 = (jet speed + wind speed) * time
804 = (x + y) * 2
804/2 = (x + y) * 2/2
x + y = 402 - - - (1)
Into a headwind :
776 = (jet speed - wind speed) * time
776 = (x - y) * 2
776/2 = (x - y) * 2/2
x - y = 388 - - - (2)
From (1)
x = 402 - y
Put x = 402 - y in (2)
402 - y - y = 388
402 - 2y = 388
-2y = 388 - 402
-2y = - 14
y = 7
x = 402 - y
x = 402 - 7
x = 395
Answer:
Utilitarianism.
Explanation:
Utilitarianism is a term or philosophy of ethics that describes the belief or view that, an action is considered morally right if it resulted in goodness, more pleasure, or happiness than bad, pain, or unhappiness.
Hence, in this case, Finley believes, stealing in itself is neither bad nor good; what renders it bad or good is the effects it generates. Thus, stealing from a greedy CEO, whom he believes has less need for the money, and gives the money to a large number of people whom he thinks to need money can be justified based on the calculation that the benefits of the theft outweigh the losses caused by the theft.
Therefore, the right answer is UTILITARIANISM
Answer:
unalienable and natural rights. These are rights that all people have at birth. The government does not grant these rights, and therefore no government can take them away. The Declaration of Independence says that among these rights are “life, liberty, and the pursuit of happiness.
Explanation: