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2 years ago

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by?

1 answer:

5 0

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.

A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.

Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.

A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.

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g Other things the same, if the exchange rate changes from 6 Chinese yuan per dollar to 7 Chinese yuan per dollar, then the doll

MrMuchimi

Answer:

appreciates and buys more Chinese goods

Explanation:

Nominal exchange rate is the rate at which one unit of currency can be exchanged for another unit of currency.

If exchange rate is 1 dollar for 6 Chinese yuan , it means that 1 dollar would buy 6 Chinese yuan.

If exchange rate now becomes 1 dollar for 7 Chinese yuan , it means that 1 dollar would buy 7 Chinese yuan.

One dollar is now buying more Chinese yaun (7>6). It means that the dollar has appreciated and the Yaun has depreciated.

Currency appreciation is when the a currency increases in value.

As a result the dollar would buy more Chinese goods.

I hope my answer helps you

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3 years ago

all of the following people would be considered insureds under the liability section of a homeowners policy except

Minchanka [31]

All of the following are considered to be insured in the homeowners policy except Persons under age 21 who are residents of the household.

<h3>What is the homeowners policy?</h3>

This is the term that is used in insurance to refer to the people that would be insured under a policy of the United States tat covers the insurance for the people that live in a home that has suffered any forms of damage to the home.

<h3>Who is insured in the homeowners policy?</h3>

The people that are insured in this type of policy would be all the persons that are living in the home. The people that are under the age of 21 and those that are relatives would be covered under the home insurance.

Hence we would say that All of the following are considered to be insured in the homeowners policy except Persons under age 21 who are residents of the household.

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Complete question

All of the following people would be included as an insured under a homeowners policy, EXCEPT:

All of the following are considered an insured under a Homeowners Policy, except:

A 30-year-old friend living at the insured premises

Any person legally responsible for animals owned by an insured

Persons under age 21 who are residents of the household

Relatives who are residents of the household

6 0

1 year ago

why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the pla

Mkey [24]

The Daily Scrum is held at the same time and place each day to reduce complexity.

Complexity characterizes the behavior of a system or model where components interact in multiple ways and follow local rules, resulting in nonlinearity, randomness, collective dynamics, hierarchy, and emergence.

The term is generally used to characterize things that have many parts, and those parts interact in various ways, culminating in a higher origin that is greater than the sum of their parts. increase. Investigating these complex interconnections at various scales is a major goal of complex systems theory.

2010 science follows different approaches to characterize complexity. Zayed et al. Reflect many of them. Neil Johnson said, "Even among scientists, there is no clear definition of complexity, and scientific terminology has traditionally been communicated in terms of specific examples.."

The definition of "complexity science" is "phenomena arising from a collection of interacting objects"

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6 0

1 year ago

The Fire Department of a given city received an appropriation in the amount of $10,000,000 for the fiscal year ended June 30, 20

maxonik [38]

Answer: $‭7,265,000‬

Explanation:

Question is to find the balance remaining for the Police at year end.

Please find the table attached:

= 10,000,000 - 1,800,000 + 1,790,000 - 1,750,000 + 975,000

= 7,265,000

6 0

2 years ago

When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a

AlexFokin [52]

When a sales job is being filled by an untrained individual, the job specifications list will most likely include __<u>E) personality traits</u>___ as a way to predict which candidate will perform the job well.

<h3>What are personality traits?</h3>

Personality traits are some characteristics or qualities associated with individuals. Some of the personality traits include extroversion, agreeableness, openness, conscientiousness, adaptability, and neuroticism.

<h3>Answer Options:</h3>

A) age and gender

B) length of previous service

C) past job performance

D) relevant certification

E) personality traits

Thus, since the individuals involved are not trained, the most important factor to consider is not age, gender, previous service, past job performance, or relevant certification, but <u>E) personality traits.</u>

Learn more about personality traits here: brainly.com/question/10082381

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2 years ago