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Vera_Pavlovna [14]
2 years ago
7

Ken's lawn service co. operates in a perfectly competitive market. why doesn't ken try to increase his revenue by lowering his p

rice below the prevailing market price?
Business
1 answer:
galina1969 [7]2 years ago
3 0

High levels of competition characterize the market in which Ken's Lawn Service Co. operates. Why doesn't Ken strive to increase his revenue by lowering his pricing below the competitive market price given that he can sell as much as he wants at it

Perfect competition market  refers to a fictitious market structure. A scenario with perfect competition excludes monopolies. The following characteristics of this kind of structure are crucial: Each business is a price taker (they cannot influence the market price of their products).Market share has no bearing on price adjustments. The products being sold and the prices being charged in the past, present, and future are all fully known to the customers

Learn more about competitive market here

brainly.com/question/8753703

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In order to communicate clearly with a resident who has hearing loss, the resident assistant should:
Tom [10]
The resident assistant should be patient and try to listen carefully when it comes to understanding thr person's needs and wants.
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3 years ago
Which of the following explains why a recipe is considered an algorithm?
Len [333]

Answer:

the dish created by a recipe is the same each time it is followed properly

Explanation:

6 0
3 years ago
Assume that the marginal propensity to consume is 0.8 and that potential output is $800 billion. If real GDP is $850 billion, to
kari74 [83]

The following policies would bring the economy to potential output is Decrease government spending by $10 billion.

<h3>What is Marginal Propensity?</h3>

The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.

The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.

The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.

Therefore , we can conclude that the correct option is C.

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7 0
2 years ago
A volume-cycled ventilator is in the control mode and the I/E ratio alarm is sounding. Which control adjustment would correct th
Mkey [24]

Answer:

Option "D" is the correct answer for the following.

Increase the flow rate.

Explanation:

The quantity the ventilator provides differs with adjustments in airway pressure, lung performance and ventilation system integrity.

  • Volume-cycled ventilators: Air passes to the patient until a fixed volume is supplied to the ventilator system, even if the airway pressure is very high.
  • Inspiratory: Expiratory ratio applies to the inspiratory period scale: time of expiry. ... This offers a 1:2 I: E ratio, which reads "one to two."
  • In asymmetric, this ratio is typically changed due to the increased expiration time. They could have a ratio of 1:3 or 1:4 to I: E.

4 0
3 years ago
Lacy's Linen Mart uses the retail method to estimate inventories. Data for the first six months of 2019 include: beginning inven
Harman [31]

Answer:

A. $68,200

Explanation:

Retail Cost

Beginning inventory $60,000

$120,000

Plus: Net purchases. $312,000

$480,000

Goods available for sale $372,000

$600,000

Cost to retail percentage = $372,000 ÷ $600,000 = 62%

Less : Net sales

($490,000)

Estimated ending inventory at retail

$110,000

Estimated ending inventory at cost

62% × $110,000 = $68,200

4 0
3 years ago
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