1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viktelen [127]
3 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]3 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.

You might be interested in
What is the difference between real property and real estate...? real property consists of the land, while real estate consists
enyata [817]

Answer:

Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land

Explanation:

Real estate refers to land that has a physical existence and the resources, structures are attached to it also it expands with respect to the rights of ownership and usage

While on the other hand the real property comprises fo land, rights of the land, and the thing that is permanently attached with respect to the land

Therefore the last second option is correct

6 0
3 years ago
Common uses of the statement of cash flows include all but which of the following?
Sphinxa [80]

Answer: Option D

Explanation: Cash flow statement is a type of financial statement which shows the sources and uses of cash  for a specified period in the form of cash inflows and outflows.

Cash flow statement is used by the management to evaluate the performance and for making plans for future. It is also used by potential investors for evaluation purposes.

Government do not need cash flow to asses ability of the company. The tax obligation on a company is calculated on its income which is shown by other financial statements like income statement.

8 0
3 years ago
g If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth:1)A)nothing today)less than $
galben [10]

Answer:

b)less than $500,000 today, but a positive amount.

Explanation:

By the virtue of the concepts of compounding and discounting, we understand that $1 today is worth more that $1 in the future.

Where Pv = Present value

Fv = Future value

r = discount rate

t = time

Fv = Pv ( 1 + r)^t

As such If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth less than $500,000 today, but a positive amount.

5 0
3 years ago
Question 2 (1 point)
Soloha48 [4]
Excise, it's an extra tax which makes you pay more
6 0
3 years ago
Read 2 more answers
When he went to pick up his​ mail, Jeremy overheard a manager tell another that the company was going to freeze wages. Jeremy qu
Sindrei [870]

Answer: Grapevine

Explanation:

Dissemination of information or conversations in an informal way in an organization.

8 0
3 years ago
Other questions:
  • Nessa is a salesperson who has customers that speak different languages and come from different cultures. She finds it difficult
    12·1 answer
  • A current loan balance is $118,000 on a 30-year loan at 7% interest, with a monthly payment of $831.63 for principal and interes
    6·1 answer
  • The managers at Harris Pizza in Boston have tracked the tips received by their drivers along with the total bill to the customer
    12·1 answer
  • Monetary payments a firm makes to pay for resources are called
    9·1 answer
  • Nuan, a television manufacturer in Korea, had to modify its televisions before introducing it to the Zimbabwean markets, as the
    11·1 answer
  • What is the main difference between the equity and exchange philosophies of compensation?
    5·1 answer
  • Arthur is a 30 percent partner in the CAR Partnership. At the beginning of the tax year, Arthur's basis in the partnership inter
    11·1 answer
  • Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
    10·1 answer
  • Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn
    6·1 answer
  • Calculate the average stock in a department with annual sales of $1,840,000 and an annual stock turnover of 5.4.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!