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statuscvo [17]
3 years ago
12

Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly c

ompetitive market. In such markets, sellers of goods cannot influence the prevailing market price, giving them the role of price takers in the market.
A. True
B. False
Business
1 answer:
Nadya [2.5K]3 years ago
7 0

Answer:

The answer is true.

Explanation:

The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.

This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.

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Marcus, a high school student, works at a lumberyard making $10.50 an hour. with his academic and sports schedule, he is able to
max2010maxim [7]
Given:
salary: <span>$10.50 an hour
25 hours a week

expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.

There is no specific question but I will solve for Marcus net earnings for the year.

25 hours/week * 52 weeks/yr = 1,300 hours/year

Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730 

13,650 - 2,730 = 10,920 net salary for the year

Cell phone bill: 65 per month * 12 months = 780

Net salary:         10,920
Cell phone bill       (780)
Car insurance: <u>    (1,200)</u>
Net Income:       8,940 per annum.




</span>
3 0
3 years ago
Trevor gets a haircut before his interview. He wears his best suit to the interview. Walking into the room, he says hello, looks
marysya [2.9K]

Answer:

b. his eye contact.

Explanation:

Eye contact defines that it occurs when two people look at each other at the same time. It is a part of non-verbal communication when two people look at each other and thus its impact on social behavior.

Now, According to the given situation, Trevor gets a haircut and he dressed well for the interview. He is entering into the room of interview, wished and shake his hand to the interviewer after looking into his hand. Here, Trevor needs to improve his eye contact with their skills and abilities at the time of the interview.

6 0
3 years ago
What are features and benefits?
spayn [35]

Answer:

Explanation:

Features are something invented Benitez its like advice

8 0
2 years ago
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you received your s
s344n2d4d5 [400]

Answer:

Final Value= $4,216,869

Explanation:

Giving the following information:

You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. Your salary will increase at 3 percent per year throughout your career. Your salary is $52,000

Your retirement is in 40 years.

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A=annual payment= 5,200

i= 9.2% interest + 3% year increase= 12.2%

n=40

FV= {5,200*[(1.122^40)-1]}/0.122

FV= $4,216,869

6 0
3 years ago
Simplify the expression 2\5(5k+35)8
Grace [21]
2/5(40k)8 that's your answer. I'm in 8th grade iTS NOT HE RIGHT ANSWER I GUESSED

3 0
3 years ago
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