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viktelen [127]
2 years ago
11

Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere

d to be competitive, LML A. can choose quantity of butter that it produces but not the price at which it sells its butter. B. cannot choose either the price at which it sells it butter or the quantity of butter that it produces. C. can choose both the price at which it sells its butter and the quantity of butter that it produces. D. can choose the price at which it sells its butter but not the quantity of butter that is produces.
Business
1 answer:
Mice21 [21]2 years ago
3 0

Answer:

A. can choose the quantity of butter that it produces but not the price at which it sells its butter.

Explanation:

Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.

One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.

Hope it helps. Good luck.

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Aloiza [94]

Answer:

The marginal benefit of working each hour of overtime is $18.

Explanation:

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In this case, the employer is willing to pay for each extra hour the amount of $18, which means that the <em>Marginal Benefit</em> increases.

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3 years ago
You invested ​$29 comma 000 in two accounts paying 2 % and 5 % annual​ interest, respectively. If the total interest earned for
Korolek [52]

Answer:

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Therefore,

the amount invested in account paying 5% interest will be '$29,000 - x'

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( 2% of x ) + [ 5% of  ( $29,000 - x)] = $940

or

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or

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or

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or

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Amount invested in account paying 2% = $17,000

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5 0
3 years ago
Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.
valkas [14]

Answer:

A) True

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Ethical learning can be regarded as educational proposal that has the purpose of preparing students as regards their future working life , through rendering of help to acquire skills that will give them enablement to perform their professions with responsibility as well as autonomy.

Business ethics can be regarded as study of needed business policies as well as business practices. Subject needed to learn could involves could be corporate social responsibility,corporate governance and others. It should be noted that Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.

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