Answer:
D. limited liability
Explanation:
In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business.
If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.
This basically means that they are operating at a level where the amount which they produce relates to the amount they spend.
Answer:
358.33 times
Explanation:
The computation of the simple forecast combination is shown below:
= (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) ÷ (Total number of observations)
= (341 + 535 + 199) ÷ (3)
= (1,075) ÷ (3)
= 358.33 times
We simply divided the total sales forecasted done by each one by the total number of observations
The answer is the letter x. placeholder x
is a character used in ICD-10-CM diagnosis code to create a six character code when a code with fewer than six characters require 7th character extension, it is also called the dummy x.
Answer:
The correct answer is option c.
Explanation:
A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.
While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.