Answer:
The correct answer is letter "D": buyers and sellers having all relevant information.
Explanation:
Perfect Competition is a theoretical market structure in which competition is at the highest possible level. These five (5) elements contain a perfectly competitive market: <em>all firms sell the same product, all firms are price-takers, all firms have relatively small market shares, buyers have complete product and price information, </em>and <em>the industry is characterized by low or no barriers to entry and exit.</em>
Answer:
Planning
Explanation:
Project planning refers to all you do to set up a successful project. It's the process you're going through to set the steps needed to define your project goals, clarify the scope of what needs to be done and develop the task list to do that.
Answer:
The answer is B. very wide differences in the standard of living
Explanation:
Economists use Gross Domestic Product (GDP) which is the final value of all goods and services produced within a country during a given period of time, usually a year as the ultimate yardstick for measuring and ranking countries' wealth, standard of living and/or illiteracy level.
And GDP per capita measures a country's economic output per person. It is by dividing the GDP of a country by its total population. Countries with the highest value are known to have a high standard of living, better health care and high literacy level and vice-versa.
From the computation, the price of the trail mix will be $10.50.
From the information given, we're informed that Marion buys 3 pounds of granola for $3 per pound, the cost of the granola will be:
= $3 × 3 = $9.
She also buys and 0.75 pounds of raisins for $2 per pound, therefore, the cost of the raisin will be:
= 0.75 × $2 = $1.50
Therefore, the price of the trail mix will be:
= $9 + $1.50
= $10.50
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