Answer:
B. The market demand is perfectly elastic at the market price. °
Explanation:
As we know that in the case of perfect competitive market there is a big number of sellers and buyers who sells same kind of product, there is no entry and exit barriers also the firm is a price taker
In addition to this, the market price and output would be measured by the supply and demand force. The profit maximizing output for every firm would considered the market price with the prescribed output and at the time when firm is shutdown so the market price would below the average variable cost
So the option b is incorrect
Companies must follow generally accepted accounting principles (gaap) for international financial reporting standards accounting reports
<h3><u>What are international financial reporting standards ?</u></h3>
- The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
- The International Accounting Standards Board created and maintains them (IASB).
- The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
- More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
- International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.
To view more about GAAP refer to:
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Option A and C
In quasi-contract cases, the defendant received a benefit from the plaintiff. In promissory estoppel cases, the defendant made a promise that the plaintiff relied on.
<h3><u>
Explanation:</u></h3>
A quasi-contract is a retroactive system among two parties who own no prior commitments to one another. It is designed by an expert to change a situation in which one individual takes something at the value of the other. The plaintiff must have provided a substantial thing or service to the added party with the expectation or assumption that mortgage would be supplied.
Promissory estoppel is a concept in contract law that hinders a character from performing reverse on a commitment even if a legitimate contract does not endure.
Answer:
Explanation:
The time (T) = 6 months = 6/12 years = 0.5 years
Interest rate (r) = 6% = 0.06
The stock is priced [S(0)] = $36.50
The price the stock sells at 6 months (
) = $3.20
European call (K) = $35
The price (P) is given by:
The price of a 6-month, $35.00 strike put option is $1.65
B. because it is only used by the military and not the public
