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Cerrena [4.2K]
2 years ago
5

Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is? perfectly inelastic. perfectly elas

tic. upward sloping. downward sloping.
Business
1 answer:
fiasKO [112]2 years ago
4 0

Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is downward sloping.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.

The law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.

The price is implied to be the independent variable in this formulation, and the quantity to be the dependent variable. Economics is an exception to the general norm that the independent variable appears on the horizontal or x-axis.

Learn more about demand curve here:

brainly.com/question/6075885

#SPJ4

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Bunyan Heavy Equipment, a U.S. firm, is investigating expanding into Russia using a greenfield venture. The committee researchin
adoni [48]

Answer:

All of these are valid concerns and very relevant indeed, but the most problematic situation would be:

D) Russia's recent actions to gain state control of private firms' assets.

Explanation:

Russia is perceived as a very corrupt state, I don't live in Russia so I can't be 100% sure. Russian leaders are famous for being multi-billionaires that used to be communists, sounds weird.

The problem with Russia is that when their leaders want a private company they just take it away from its rightful owner and many times when the rightful owners complain they are sent to prison and beaten up to death. This may sound crazy but it happened several times including Russia's largest private company Yukos in 2003. Its owner whose last name is Jodorkovski was sent to prison for about 10 years, and its CFO was beaten to death while being held in a Siberian prison.

4 0
3 years ago
The newly industrializing country that has competitive electronics and other light industries but which specializes in banking a
Lerok [7]

The country that is being described in the statement given above is Hong Kong as they are considered as a newly industrializing country in which they have the capabilities of competing in regards with electronics and to specialize in the category of trade and banking.

5 0
4 years ago
Which cancer has the highest incidence (but not the highest death rate) for women in the united states?
nataly862011 [7]
I did some research on this a while ago, I'm pretty sure it's Breast Cancer.
6 0
3 years ago
Campbell, Inc. has just conducted a SWOT analysis. Typically, the next step in the marketing planning process would be ________
Law Incorporation [45]

There are different kinds analysis. The next step in the marketing planning process would be Identifying and evaluating opportunities and involves using STP (segmentation, targeting, positioning).

<h3>What is Identifying and evaluating opportunities?</h3>

The steps of the strategic marketing process includes mission, situation analysis, marketing plan, marketing mix, and implementation and control.

The third step in the marketing planning process, following the situation analysis, is known to be the steps where one has to identify the various opportunities by using STP which is Segmentation, Targeting, and Positioning.

See full question below

After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).

A. defining the mission

B. conducting a situation analysis.

C. identifying and evaluating opportunities

D. implementing the marketing mix

E. evaluating performance

learn more about  marketing planning process from

brainly.com/question/8638255

5 0
3 years ago
14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada’s nominal tar
VMariaS [17]

Answer:

The effective rate of protection for Canada’s steel industry is 21%

Explanation:

The computation of the effective rate is shown below:

Steel percentage = (Production worth of steel) ÷ (Taconite worth)

                             = ($1,000,000) ÷ ($100,000)

                             = 10%

And the tariff rate for steel is 20%

And the taconite percentage is 10%

So, the effective rate would be equal to

= Tariff rate for steel + taconite percentage × steel percentage

= 20% + 10% × 10%

= 20% + 1%

= 21%

7 0
3 years ago
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