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Karo-lina-s [1.5K]
1 year ago
14

the individual firm, operating under perfect competition, is characterized as: group of answer choices a price strategist a pric

e taker a price maker one of a few sellers interdependent
Business
1 answer:
DiKsa [7]1 year ago
3 0

The individual firm, operating under perfect competition, is characterized as a prize taker.

An individual or business that must accept market prices because it lacks the market share to do so on its own is known as a price-taker. In a market where there is perfect competition, all players in the economy are regarded as price takers. This is valid for both sellers and purchasers in the debt and stock markets as well as producers and consumers of commodities and services. Therefore, option B is the correct choice.

A single buyer or seller does not possess sufficient market power to control the market's price or output. In the firm, there are no obstacles to entering or leaving. Every company and consumers are involved in the market shares.

To know more about individual firms, refer to the following link:

brainly.com/question/26723154

#SPJ4

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Explain how a high inflation in 2022 could negatively impact our economy.
-Dominant- [34]

Answer:

inflation could have value of good gi high and people would. ot be able to have anough to buy them such as eggs and milk. therefor alot of poverty would start to rise. hope thishelps

8 0
1 year ago
Teams comprised of people from various disciplines are a primary component of ________, which involves product and process desig
nikitadnepr [17]

The answer in the space provided is concurrent engineering. It is because concurrent engineering is the one responsible of having to lead improvement in regards of the organization or company’s reduced cost or its productivity in which is helpful and could brought it for their own benefit.

8 0
3 years ago
Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $
olga2289 [7]

Answer:

$4,5243.63

Explanation:

Data provided in the question:

Future value = $250,000

Interest rate = 5% = 0.05

Time = 5 years

Now,

Future value = C\times\left[ \frac{(1+i)^{n}-1}{i} \right]

here,

C = Regular deposit amount

i = Interest rate per period

n = number of periods

Future value = C\times\left[ \frac{(1+i)^{n}-1}{i} \right]

or

$250,000 = C\times\left[ \frac{(1+0.05)^{ 5}-1}{ 0.05} \right]

$250,000 = C\times\left[ \frac{ 1.05^{ 5}-1}{ 0.05} \right]

$250,000 = C\times\left[ \frac{ 1.276282 - 1}{ 0.05} \right]

$250,000 = C × 5.52564

or

C = \frac{ 250000 }{ 5.52564 }

C = $4,5243.63

7 0
4 years ago
The newborn's vision is estimated to be _____ on the snellen eye examination chart. 20/20 20/200 20/600 20/1200
Nimfa-mama [501]
Snellen chart is an eye chart that can be used to measure visual acuity by determining the level of visual detail that a person can discriminate. The newborn's vision is estimated to be 20/200 on the Snellen eye examination chart. This means the new born can see at 20 feet what a normal adult can see at 200 feet. 
6 0
4 years ago
Read 2 more answers
Average fixed cost____________.
dimulka [17.4K]

Answer:

d. declines continually as output increases.

Explanation:

The reason for this is that when because fixed cause remains the same as output increases the average fixed cost decreases when output increases. For example the fixed cost of a factory is 10,000 and it produces 100 units. In this case we will divide the fixed cost by the number of units to find the average fixed cost. 10,000/100=100

Now when we increase output to 200 the average fixed cost will decrease.

10,000/200=50.

Mathematically we can view this as the numerator is staying constant whereas the denominator is increasing when output increases, therefore average fixed cost is declining.

7 0
3 years ago
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