Answer:
C) Price must be below the equilibrium price
Explanation:
In a perfect competition, price is determined by the industry and no individual consumer or producer can manipulate the price. When something is in equilibrium, it refers to a balanced state with no will to change. In a perfectly competitive market, equilibrium is a point where supply is equal to demand. Market supply is the sum of individual supplies by all producers of the same commodity in the market. Market demand I'd the sum of individual demand by all consumers of a commodity in a market.
The price at which a market becomes equilibrium is the equilibrium price and the quantity supplied or demanded at the equilibrium price is the equilibrium quantity. When a price is above the equilibrium price, suppliers tend to increase the supply for profits. This could cause a condition of excess supply. In order to sell out the excesses, the price will have to go below the equilibrium price.
When a price is below the equilibrium price, consumers tend to buy at a reduced price. This causes excess demand. Here, consumers are willing to pay higher to meet the exorbitant demand and thus, the price rises to the equilibrium level.
Answer:Advantages of installment payment for your big-ticket spending
Installment allows you to spend smart. If you have the funds, you can always purchase and pay in full. ...
You can make unexpected purchases or payments without putting a dent on your budget. ...
You get to track your finances better. ...
It enables you to stretch the cost of your purchases over a manageable period of time
Explanation:
Answer:
rent is most difficult to change.
Explanation:
Answer:
Full body = $132
For trouble spots = $180
Explanation:
The computation of contribution margin per hour is shown below:-
For Full body
Contribution per service = $198
Massage time required in minutes = $90
Massage time required (90 min ÷ 60 min) = $1.5
Contribution per hour = $198 × $1.5
= $132
For Trouble spots
Contribution per service = $90
Massage time required in minutes = $30
Massage time required (30 min ÷ 60 min) = $0.5
Contribution per hour = $90 × $0.5
= $180
Answer:
highest ethical standards
Explanation:
Based on the information provided within the question Darren and the other board members need to hold the CEO to the highest ethical standards. This can be said because the CEO is the highest role within an organization and acts as the face of the company. Therefore representing the company as an entity as well as those involved with the company, so all situations regarding the CEO's ethicality affects the organization and the board members.
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