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Yuliya22 [10]
3 years ago
7

Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers o

f goods influence the prevailing market price, giving them the role of price in the market. True or False: The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
dimaraw [331]3 years ago
5 0

Answer:

  • Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. FALSE: <u>This characteristics correspond to competitive markets</u>, which are those markets where prices are determined by sellers and buyers simultaniouslly, and, none of them individually can exert influence over prices (nor sellers or buyers in particular) . Aditionally, goods or services must be homogeneous or equal.
  • The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets: TRUE: digital cable is not an identical product (different sellers offer different options of channels, the service they offer is heterogeneous) and there are not many sellers, in a way that they cannot exert influence over prices. Then, it is not a competitive market.

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Describe how you would transition to another career of your choice. Be sure to includes reference to how
Bezzdna [24]
<h2>My suggestion is to read the job description which you want to apply and compare the present responsibilities and edit the resume as needed.</h2>

Explanation:

To list out the responsibilities the following might be helpful:

  • Make the building disease free by mopping, vacuuming, sweeping
  • Take the best care to fill restrooms and bathrooms for the personal care of the employees and customer
  • Protects the building by cleaning up trash on time
  • Bring business by doing duties on time

To list out the skill and attitude:

  • Cautious about cleanliness
  • Perfect in nature
  • Adapt to change
  • Protection is my ultimate goal
6 0
3 years ago
The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively thei
mash [69]

Answer:

The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.

Explanation:

The Solow growth model is an exogenous model of growth that tries to examine the changes in the level of output in an economy as a result of some changes in the economy. The changing conditions are; population, rate of savings and technological advancement. The Solow model named after Robert Solow who was a Nobel-prize economist winner, formed the foundation for modern theories of economic growth. Solow's growth models has a variety of assumptions as shown;

1. Rate of population growth is constant

2. The proportion of savings in the economy is constant.

3. The same technology is utilized by all companies in the economy for production.

4. The capital accumulation equation forms a relationship between; Present capital stock, future capital stock, the rate of capital depreciation, and level of capital investment.

Solow's model implied that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.

8 0
3 years ago
Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room o
CaHeK987 [17]
<span>Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000. she sells the property for $560,000 and pays $28,000 in commissions and $14,000 in legal fees in connection with the sale. what is the recognized gain or loss on the sale of the house?  = </span>She gained $28,000

6 0
3 years ago
Jand, Inc., currently pays a dividend of $1.38, which is expected to grow indefinitely at 5%. If the current value of Jand’s sha
V125BC [204]

Answer:

9.09%

Explanation:

Use Gordon growth model of stock valuation to find the required rate of return;

Price = D1/ (r-g)

this can also be written as \frac{D0(1+r)}{(r-g)}

whereby,

Price = $35.41

D0 = Current dividend = 1.38

D1 = Next year's dividend = 1.38(1.05) = 1.449

g = growth rate = 5% or 0.05 as a decimal

r = required return = ?

Rewrite the formula <em>"Price = D1/ (r-g) " </em>to find <em>r;</em>

r = \frac{D1}{Price} +g

r = \frac{1.449}{35.41} + 0.05\\ \\ =0.04092 +0.05\\ \\ =0.09092

as a percentage, the required return = 9.09%

7 0
3 years ago
Some of the nation's economists believe that to maximize government revenue, the tax rate should be raised to the level of the R
patriot [66]

Answer:

Laffer curve is the curve built on graph which explains that tax revenue will be increased when tax rates are raised. It also indicates that the tax revenue will increase to a certain point on the R-max line after which the curve starts declining which means the tax revenue will decline.

Explanation:

Laffer curve is a theory by economists which indicates the relationship between tax rates and the tax revenue. If the tax rates are increased then the tax revenue will also rise. This is the theory which is believed by many economists and many businesses also follow such strategy to improve their business profits.

5 0
3 years ago
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