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1 year ago

Consider a perfectly competitive firm that produces computers. Each additional worker at this firm can produce four computers.

1 answer:

3 0

A hypothetical perfectly competitive firm is referred to as perfect competition. There are no monopolies under a scenario of perfect competition.

<h3>What are the characteristics of perfectly competitive firm?</h3>

A few essential traits of this type of structure include:

All businesses sell the same thing (the product is a commodity or homogeneous and perfectly competitive firm).

Every company is a price taker (they cannot influence the market price of their products).
Price changes are unaffected by market share.
Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).
Labor and capital resources are completely mobile.
Companies are not charged to enter or leave the market.

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A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)

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<span>A corporation whose stock can be purchased by anyone and is traded in stock markets is known as an open corporation.
This means that these shares are not monopolized by a small group of investors, but rather can be bought by anyone who has such a desire to own them. The term which is opposite from an open corporation is a closed corporation.
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4 years ago

During 2020, Flint Corporation reported net sales of $5,490,000 and net income of $1,320,000. Its balance sheet reported average

koban [17]

Answer:

The asset turnover is 3.66 times

Explanation:

Asset Turnover is the efficiency rate of the assets of the business to generate revenue for the business. It shows how efficiently the assets of the business are used to generate revenue for the business.

Formula for Asset turnover is as follow

Asset Turnover = Net sales / Average total assets

Asset Turnover = $5,490,000 / $1,500,000

Asset Turnover = 3.66 times

It means that the sale for the period is generated to 3.66 times of average total asset of the business.

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3 years ago

Match each term in column A with it’s definition in column B Column A 1. barter 2. money 3. currency 4. monetary unit 5. deposit

prohojiy [21]

Matching each monetary term in Colum A with its definition in Column B is as follows:

Column A Column B

(Monetary Terms) (Definitions of the monetary terms)

1. Barter f. the exchange of goods for goods.

2. Money d. Anything generally excepted in

payment for goods and services.

3. Currency e. Money that is easy to carry because it

is paper.

4. Monetary unit b. The standard unit of value of a

country’s currency.

5. Depositor c. A person who places money in an

account in a bank for safety and earnings.

6. Bureau of the Mint h. An organization that manufactures the

US coins.

7. Electronic funds transfer (EFT) a. The use of computers to receive and

make payments.

8. Federal Revenue System g. An organization that regulates the

nation's banks and its money supply.

<h3>What is a monetary term?</h3>

A monetary term is a description of economic knowledge or activity involving the use of money.

Examples of other monetary terms are:

Inflation
Price
Time value of money
Purchasing power
Profit
Wages.

Thus, the monetary terms have been <u>matched correctly</u> with their definitions.

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Hallie painted a picture and wanted to make it available for sale on the

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Answer:

c adding a watermark they cannot remove it if they copy picture off the internet.

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What type of economic activity do teachers perform?

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They provide people with the knowledge and expertise to be able to go out and contribute some times greatly to society.

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