Answer:
producers are "price takers".
Explanation:
Commodity markets is an example of A perfectly competitive market. A perfectly competitive market is characterised by many buyers and sellers of homogenous goods and services.
Because products are homogenous, sellers cannot set the price for their goods. Prices are set by forces of demand and supply,therefore, suppliers are price takers.
There are no barriers to entry and exit of firms into the market.
I hope my answer helps you
A
The price goes up because when something’s supply goes down, the price goes up assuming the demand hasn’t changed
Answer:
The correct answer is C. 3240 units.
Explanation:
The calculation of Equivalent units of production for the year is given below.
Add
Begining inventory = 60% * 200 = 120 units
completed in this period
Units put in process = 3200 units
Less
Un-complete closing = 20% * 400 = (80 units)
stock
Equivalent units = 3240
Jodi is not adequately managing the financial aspects of her business.
By being too lenient with the days credit, she is effectively damaging her business' cash flow.
Answer: Undercapitalization
Explanation:
Undercapitalization is defined as the situation where a person or entity of any kind does not have sufficient funds or capital to run their business and pay the costs it has. This type of situation usually occurs when the business is not selling the necessary amount of products or services to generate the amount of income necessary to meet all the payments it has.
When an entity or business is undercapitalization, in many cases they have had to take measures such as downsizing, fewer materials to create the product, or ultimately, if none of this works, having to close the business.
