1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tema [17]
3 years ago
15

In commodity markets it is typically true that: (note: only one statement is correct) Group of answer choices there are only a f

ew producers. any producer can affect the market price depending on the quantity that he or she sells. producers are "price takers". there are many producers, but it is very hard for new producers to enter the market.
Business
1 answer:
storchak [24]3 years ago
5 0

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

You might be interested in
Consider a call option on an asset with an exercise price of $100, a put option on that same asset with an exercise price of $10
zubka84 [21]

Answer: The values are missing below are the values

a. $105

b. $95

answer :

a) $5

b) -$5 ( loss )  

Explanation:

From the perspective of the long position for each of the two options  upon expiration

a) For $105

for the long position ( long call ) since the expired price > than the exercise price

i.e. $105 > $100 the profit = $105 - $100 = $5

b) For $95

For the long position ( long call ) since the expired price < than the exercise price

i.e. $95 < $100 the profit = $95 - $100 =  - $5  ( a loss is incurred )

5 0
2 years ago
"" On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial mi
Digiron [165]

Answer:

Explanation:

The effect of this policy will lead to both the leftward shift in the labor demand curve and the higher minimum wage will

lead to an increase in the unemployment rate because once the minimum wage increases, firms will have to pay higher salaries and this will lead to higher costs and therefore firms will retrench employees

8 0
2 years ago
Charlie's Chocolates' had stock issuances of $52,000 and dividends of $21,000. The company has revenues of $85,000 and expenses
cricket20 [7]

Answer: $20,000

Explanation:

Given that,

Charlie's Chocolates' had

Stock issuance = $52,000

Dividends = $21,000

Revenues = $85,000

Expenses = $65,000

Net income is calculated by subtracting expenses from revenues.

Net income = Revenues - Expenses

                   = $85,000 - $65,000

                   = $20,000

Charlie's Chocolates' net income is $20,000.

7 0
3 years ago
If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $440,000, while all other variables rema
Alona [7]

Answer- $ 54.74

Explanation-

= ($440,000 ÷ 12,000) + [($80,000 + 4,800 ($36.67 – $38.00)) ÷ 6,000]  / (1-0.106)

= 48.936 / 0.894

= $ 54.74

Finance encompasses banking, leverage or debt, credit score, capital markets, money, investments, and the advent and oversight of financial systems. basic economic standards are based on microeconomic and macroeconomic theories.

There are two most important purposes of the finance feature: to offer the monetary records that other business features require to perform efficaciously and correctly. to assist business making plans and choice-making.

Learn more about Finance here

brainly.com/question/1279044

#SPJ4

3 0
2 years ago
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $19,200. The bank reconciliation for the period showe
Musya8 [376]

Answer:

the cash balance is $17,615

Explanation:

The computation of the cash balance before the adjustment is shown below:

= Ending cash balance + deposit in transit - oustanding checks + NSF + bank service charges - payment

= $19,200 + $1,850 - $2,700 + $1,400 + $65 - $2,200

= $17,615

hence, the cash balance is $17,615

8 0
2 years ago
Other questions:
  • Tax preparers who obtain written conflict of interest waivers from clients are required to retain the document for at least:____
    6·1 answer
  • Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia
    5·1 answer
  • Unsystematic risk:
    15·2 answers
  • Supply chain management refers to A. how the firm compensates the employees who work on the​ firm's internal stages of productio
    13·1 answer
  • It is one of Garrett’s job responsibilities to report the amount of foreign direct investment undertaken by the government over
    11·2 answers
  • Tina and Betty formed a partnership. Tina received a 40 percent interest in the partnership in exchange for land with an adjuste
    11·1 answer
  • Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. Accounts
    7·1 answer
  • Define private equity funds economics. ​
    7·1 answer
  • Please help!!
    7·1 answer
  • a 2-year treasury security currently earns 6.75 percent. over the next two years,the real interest rate is expected to be 3.18 p
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!