Answer:
P = 70, Ed = ∞ , Firm = Price Taker , Free Entry & Exit
Homogeneous Product , No selling costs , Long Run Normal Profits
Explanation:
Perfect Competition is a market form with : many number of buyers & sellers, selling homogeneous goods at uniform prices, while firms & consumers having perfect information & no selling costs.
In this market : Price = Marginal Cost , as taken by all firms from the industry & so demand curve is horizontal parallel to x axis - denoting perfectly elastic demand i.e infinite sale at prevailing price.
As market's all sellers goods are homogeneous & all have perfect information about it, no selling costs are required. Free Entry & Exit in industry also imply that Industry's profits are confined to 'Normal Profits' (No Supernormal profit / abnormal loss) in long run.
So, Smith's report would include all the above mentioned remarks.
Answer:
II and IV is the correct answer.
Explanation:
These policies are examples of <u><em>"work-life balance".</em></u>
Employees always want to balance work with rest of the activities they wish to seek after throughout everyday life. Work balance is particularly essential to your millennial representatives who are accustomed to packing their days with differing exercises and hours of electronic correspondence.
Work-life balance is an idea that portrays the ideal of splitting one's time and energy among work and other critical parts of their life. Accomplishing work-life balance is a day by day challenge. It can be difficult to set aside a few minutes for family, companions, network cooperation, self-improvement, self-care, and other individual exercises, notwithstanding the requests of the working environment.
Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.
FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.
Learn more on Inventory costing methods-
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Answer:
Identifying how the company can potentially leverage its core competency into international sales.
