Answer:
perfectly elastic over the relevant range of output.
Explanation:
In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.
The firm's are price takers and there is no barrier to entry.
This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.
Answer:
Mark my answer brainliest
Answer:
Make decisions that maximize benefits
Explanation:
The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.
The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
