Answer:
False.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.
Answer:
unitary contribution margin= $6
Explanation:
Giving the following information:
Sales (16,000 units) $256,000
Variable expenses $160,000
<u>First, we need to calculate the unitary selling price and unitary variable cost:</u>
Selling price= 256,000 / 16,000= $16
Unitary variable cost= 160,000 / 16,000= $10
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= selling price - unitary variable cost
unitary contribution margin= 16 - 10
unitary contribution margin= $6
Answer:
preattentive processing
Explanation:
Preattentive processing -
It refers to the unconscious information , which can be adapted by the environment , is referred to as preattentive processing .
It refers to the information or the facts that are usually present or adapted by the minds .
The information or data need not be learned again or revised .
As it is a human behavior to connect the things with some predefined knowledge or thoughts .
Hence , from the given scenario of the question ,
The correct term is preattentive processing .
Answer:
She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.
Explanation:
I hope this helped have a great day!