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Vikentia [17]
3 years ago
11

The ____________ position has more room than the ____________ position, so larger substituents are more stable in the equatorial

position.
Business
1 answer:
Sphinxa [80]3 years ago
4 0
The answer to this question is Equatorial;Axial
The equatorial position refers to the positon that take place around the center of the plane, meanwhile, axial position refers to the postion that take place on a certain degree relative to the equatorial position. Axial position will always be more flexible and stable since it does not have to necessarily located in middle
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in the theory of percect competition the assumption of easy entry into and exit from the market implies
jeka94

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies <u>zero economic profits in the long run.</u>

<u />

<h3>What Is Perfect Competition?</h3>

The term perfect competition refers to a theoretical market structure. In a perfect competition model, there are no monopolies.

This kind of structure has a number of key characteristics, including:

  • All firms sell an identical product (the product is a commodity or homogeneous).
  • All firms are price takers (they cannot influence the market price of their products).
  • Market share has no influence on prices.
  • Buyers have complete or perfect information (in the past, present, and future) about the product being sold and the prices charged by each firm.
  • Capital resources and labor are perfectly mobile.
  • Firms can enter or exit the market without cost.

There are five assumptions in the perfectly competitive model of markets:

  1. Goods are identical, rival, and excludable.
  2. Buyers and sellers have sufficiently information to make informed decisions.
  3. There are no external effects; and two others. List the two other assumptions and discuss their significance in a sentence or two.
  4. Everyone is a price taker.
  5. There is free entry and exit.

The price taking assumption implies the demand perceived by a seller is perfectly elastic. That is, they can sell as much or as little as they want without affecting the market price. Also, when the firm is a price taker, the profit maximizing rule: MR = MC, can be written P = MC since price equal marginal revenue in perfect competition. The market output where price equals marginal cost is the level the level of output where the sum of consumer and producer surplus is maximized.

The free entry and exit assumption insures economic profits are zero in the long-run and more importantly, resources are perfectly mobile in response to a change in demand or supply conditions.

If demand for a good increases, for example, firms will experience short-run profits, which will induce an expansion of the industry. The increased supply lowers price until profits are zero for the typical supplier.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies

a. positive economic profits in the long run.

b. losses in the long-run equilibrium.

c. zero economic profits in the long run.

d. zero economic profits in both the short run and the long run.

e. positive economic profits in both the short run and the long run.

Learn more about Perfect Competition on:

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3 0
2 years ago
Linda Day George Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an una
mr_godi [17]

Answer:

Bonds Payable                                  300,000 debit

Loss on redemption- Bonds Payable 22,000 debit

                Cash                                              312,000 credit

                Discount on Bonds Payable          10,000 credit

--to record the reemption of old-bonds--

Explanation:

<em>call price</em> = 300,000 x 104/100 =          <em>312,000</em>

Bond payable (net) 300,000 - 10,000 = 290,000

Loss at redemption                                   22,000

We should recognize a loss as we are paying for the bonds 312,000 dollars while they are worth 290,000

To do the entry, we will write-off the bonds payable and the discount on bonds account. Wer will credit the cash used on the redemption and debit the expense.

8 0
3 years ago
gomez runs a small pottery firm. he hires one helper at $11,000 per year, pays annual rent of $6,000 for his shop, and spends $2
7nadin3 [17]

For a poetry farm, the capital gain is $70,000 while the economic profit is $6,000.

<h3>Why does accounting profit exist?</h3>

The owner's profit, or company profit, is what is meant by accounting profit. This profit may be obtained by totaling all business income and deducting specified costs from the total. The explicit cost in this context refers to expenses spent in the course of operating the firm, such as rent paid, labor costs paid, materials acquired, etc.

<h3>Briefing:</h3>

Accounting costs = Helper cost + Annual rent + materials = $(11,000 + 6,000 + 22,000) = $39,000

Accounting profit = Revenue - Accounting cost = $(70,000 - 39,000) = $31,000

Implicit costs = Interest from savings foregone + earning from alternative job + entrepreneurial talent

= $(4,500 + 17,000 + 3,500) = $25,000

Economic profit = Accounting profit - Implicit costs = $(31,000 - 25,000) = $6,000

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7 0
1 year ago
Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
inysia [295]

Answer: Product-mix

Explanation:

From the given case/scenario, we can state that this situation describes the problem of product-mix. Product mix that is also known as or referred to as product assortment, tends to refer to total number of product/commodity lines that an organization offers to an individual or to its customers.There are four dimensions to an organization's product mix, these are length, width, consistency and depth.

3 0
3 years ago
You are planning to build a new home with approximately 2,000-2,500 gross square feet of living space on one floor. In addition,
Sphinxa [80]

Answer:

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

5 0
3 years ago
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