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Nat2105 [25]
3 years ago
14

A firm characterized as a price-taker:

Business
1 answer:
ololo11 [35]3 years ago
3 0

Answer: Option E

Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.

If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.

Hence from the above we can conclude that the correct option is E.

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Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38
ludmilkaskok [199]
To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
                                    I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
                                   I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38. 
8 0
2 years ago
One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sa
Olenka [21]

Answer:

True

Explanation:

Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).

It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.  

8 0
3 years ago
The situation where the quantity supplied of a good is greater than the quantity demanded at
aliina [53]

Answer:

Excess supply

Explanation:

Demand is the quantity required or requested by buyers while supply is the quantity of a good that a producer is able to supply to the buyer.

When demand is equal to supply there is equilibrium and no excess in demand or supply.

However when the amount supplied exceeds the demand for a product there will be excess product in the market. This is called excess supply.

Conversely when the quantity demanded is more than that supplied it is excess demand

8 0
2 years ago
Bond co. is using the target cost approach on a new product. information gathered so far reveals: expected annual sales 400,000
Bezzdna [24]

<span>The target selling price per unit is $0.77, According the accounting books I have search,using this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is an approach in most company to know a product’s life cycle cost in which it is sufficient to develop specified functionality and quality.</span>

5 0
3 years ago
Under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive?
bezimeni [28]

Nothing the payments will cease.

Payments:

For the balance of the annuitant's life, a straight or pure life annuity will provide a set sum of income. Regardless of the amount of unpaid principal, this payment will end at death. There are no compensation or refunds made to survivors.

The beneficiary will receive the amount placed into the plan or the cash value, whichever is larger, if the annuitant passes away before the payment term.

Banknotes and coins (cash), deposits, and credit on an account with a financial institution or a comparable entity that can be run using payment instruments are all considered means of payment.

Learn more about Payment here brainly.com/question/25898631

#SPJ4

8 0
1 year ago
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