Perfect competition is the type of market structure is the demand curve the same as marginal revenue.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
Perfect competition is characterized by three key factors:
(1) the absence of any significant market dominance;
(2) standardization of industry output;
(3) freedom of entry and exit.
The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one is the firm's marginal revenue.
To know more about Perfect competition refer to: brainly.com/question/12557207
#SPJ4
<span>An agency relationship can be recognized
either by means of an arrangement between the parties, an agent and a principal
(client), or by means of the actions of the two individuals. The best answer
would be the seller or real estate agent is negotiating on the buyer’s behalf.</span>
Answer:
= $4902.36
Explanation:
The amount due on the loan would be equal to the total accrued interest plus the principal amount. Note that, since Sally did not pay any amount off the loan in the course of the three years, the interest due per month would be equal to the monthly interest rate plus the he unpaid balance till date.
To determine the amount due, we would compound $4,000 at a monthly interest rate of for 36 months
Amount due on loan = Loan amount × (1+r)^n
Loan amount - 4,000, r - monthly interest rate - 6.8%/12 = 0.566%, n- 3× 12= 36
Loan amount due = 4000 × (1.005660^(36)
= $4,902.36
Answer:
Ending Inventory 31,900
COGS 65,300
Explanation:
![\left[\begin{array}{cccc}$Date&$Cost&$Units&$Subtotal\\Beginning&20&100&2,000\\P1&22&1,800&39,600\\P2&26&800&20,800\\P3&29&1,200&34,800\\Total&&3,900&97,200\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Date%26%24Cost%26%24Units%26%24Subtotal%5C%5CBeginning%2620%26100%262%2C000%5C%5CP1%2622%261%2C800%2639%2C600%5C%5CP2%2626%26800%2620%2C800%5C%5CP3%2629%261%2C200%2634%2C800%5C%5CTotal%26%263%2C900%2697%2C200%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Ending Inventory: 3,900 available - 2,800 = 1,100
As we use FIFO the 1,100 untis from ending inventory will be from the newest purchase:
1,100 units at 29 = 31,900
then we can calculate COGS as the difference between the cost of goods available for sale and the ending inventory
97,200 - 31,900 = 65,300 COGS
Answer:
when the domestic money supply falls, the price level would eventually fall, keeping the interest rate constant.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
The flexible-price monetary model was developed by Frenkel and Mussa in 1976 and it states that the prices of goods are flexible while the purchasing power parity (PPP) is always constant.
Under a flexible-price monetary approach to the exchange rate when the domestic money supply falls, the price level would eventually fall, keeping the interest rate constant.
