This is true, it is a misunderstandment
Answer:
D. No seller can influence the price of the product
Explanation:
A perfect market for competition is a market which has a high level of competition.
It has the following features-
1. With regard to the market, knowledge is perfect in this rivalry between producer and consumer.
2. Free entry, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5. There is no transport cost
Moreover, the average revenue and the marginal revenue are equal.
So, the correct option is D.
Answer:
Output; Is
In a(n) <u>output</u> contract, the seller guarantees to sell 100 percent of its goods to one buyer, and the buyer agrees to accept the entire quantity. In a(n) contract, the buyer agrees to purchase 100 percent of its goods from one seller. These kinds of contracts <u>is</u> enforceable under the UCC.
<span>Changes in taxes first cause changes in
disposable income, and thus the government tax multiplier is
smaller than the government spending multiplier.
Spending multiplier, which is also called fiscal multiplier shows or represent the multiple by which GDP increments or declines because of an expansion and reduction in government uses and venture.
</span>
Tax multiplier<span> refers to the
multiple by which GDP increments or declines because of an expansion and
reduction in taxes that are charged by governments.The two types of tax
multiplier are, simple tax multiplier and complex type multiplier.</span>
Answer:
$587.79
Explanation:
Data provided in the question
Amount paid in three years = $700
Discount rate in the first year = 5%
Discount rate in the second year = 6%
Discount rate in the third year = 7%
So by considering the above information, the present value is
= (Amount paid in three years) ÷ (1 + Discount rate in the first year × 1 + Discount rate in the second year × 1 + Discount rate in the third year)
= ($700) ÷ (1 + 0.05 × 1 + 0.06 × 1 + 0.07)
= ($700) ÷ (1.05 × 1.06 × 1.07)
= $700 ÷ 1.19091
= $587.79
