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Contact [7]
3 years ago
9

Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the

market structure known as _______________ and that marginal revenue is ___________ for each unit sold.a.monopoly; less than $15b.perfect competition; less than $15c.monopolistic competition; equal to $15d.perfect competition; equal to $15
Business
1 answer:
galben [10]3 years ago
6 0

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.

2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

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Which of the following statements is CORRECT? If Disney issues additional shares of common stock through an investment banker, t
nata0808 [166]

Answer:

The answer is: As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Money market transactions involve financial instruments with high liquidity and short-term maturities. Usually the securities have a one year or less maturity date.

A few examples of commonly traded securities are:

  • Banker’s Acceptance
  • Treasury Bills
  • Repurchase Agreements
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8 0
3 years ago
Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars,
Tanya [424]

Answer:

Money to be paid by each partner individually is $112,500

Explanation:

Let A and B are partners of a share amount Z

If A's amount is x and share of B's amount is y, then share of A is calculated as

x / (x + y) * z

Number of partners in Pizzarie is 6 with all having equal shares

Value of business is $675,000

Damage to be paid is $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500

Therefore, money to be paid by each partner individually is $112,500

5 0
3 years ago
Lewis Co. sold merchandise to AdCo for $43,000 and received $43,000 for that sale one month later. One week prior to receiving p
Sav [38]

Answer:

Explanation:

Revenue recognition= [Transaction price-(Payment to advertisement-fair value)

Transaction price = $43,000

Payment to advertisement = $9,000

Fair value = $5,000

Thus, the revenue should Lewis co. record for the merchandise sold to Adco is:

= $43,000 - ($9,000 - $5,000)

= $39,000

7 0
2 years ago
Baxter Bakers is trying to decide whether it should keep its existing bread-making machine or purchase a new one that has techno
son4ous [18]

Based on the type of cost that the original cost of the machine is, we can say that it represents a sunk cost.

<h3>What is a sunk cost?</h3>

This is a cost that a business has already incurred as regards a certain investment or asset. This cost cannot be recovered and so should not have any weight on future decisions made.

The original cost of the existing machine of $10,000, is a sunk cost because the company has already incurred it and cannot recover it.

Find out more on sunk costs at brainly.com/question/24976252.

4 0
2 years ago
Cassandra owns her own business and drives her van 15,300 miles a year for business and 5,100 miles a year for commuting and per
neonofarm [45]

Answer:

The largest tax deduction = $8,874 mileage method

Explanation:

mileage method = 15300*0.58 =$8,874

Actual Expense = $5,540 + 765 + 3,095 +165 +240 + 1000 = $10,805

business use % = 15300/(15300+5100)

                         = 15300/20400 = 0.75

Actual expense = $10,805 * 0.75 = $8,103.75

If the interest expense on loan for the Van is considered as  an expense for profit and loss section in calculating Net income then

ACTUAL EXPENSE = $10,805 - $1000 = $9,805 * 0.75= $7,353.75

nonetheless Mileage method gives the largest deduction

3 0
3 years ago
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