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4 years ago

Relative to other market structures, perfectly competitive markets have which of the following properties? Correct Answer(s)

Business

1 answer:

nikdorinn [45]4 years ago

4 0

Answer:

Explanation:

Firms are very large relative to the market- INCORRECT, this is a feature of Monopoly market.

Entering and exiting the market are relatively easy - CORRECT, new firms can freely enter the industry or in the long run, an existing firm can freely leave the industry.

Firms are price takers, or they have no control over price- CORRECT ,a single firm in a perfectly competitive market cannot influence the market price through its own independent action. Each firm sells its products at an existing market price.

Firms produce differentiated products- INCORRECT, this is a feature of an Oligopoly market.

Firms produce similar or standardized products- CORRECT, all products are homogeneous.

Firms have significant price control-INCORRECT, this is a feature of Monopoly market.

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Answer: the correct answer is Alternative D. The excerpt enlicits many times how unnecessary it is to fight for a situation that is settled and that won't change the living standarts of workers for best. It even says that <u>the social reform would turn those standarts to what they were in colonial times</u>. Analyzing those opinions, it is possible to conclude that alternative D is the one that best summons what is said.

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3 years ago

If an employeeâs manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the e

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2 years ago

Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will p

tangare [24]

Answer:

Explanation:

Principal Payment $160

Her Employee help to add $80

Total principal is (160+80)= $240

At a rate of 0.45

For a time of 35years

We will compound her amount

Using compound interest formula

A=P(1+r/n)^nt

Where,

P = principal amount = $240

r = annual rate of interest =0.45

t = number of years the amount invested =35years

A = amount of money accumulated after n years, including interest.

n = number of times the interest is compounded per year=12months

Therefore,

A=P(1+r/n)^nt

A=240(1+0.43/12)^35×12

A=240(1+0.03583)^420

A=240(1.03583)^420

A=240×2.641

A=$633.814

The amount is approximately $633.814

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4 years ago

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, ne

weqwewe [10]

Answer:

1a. Current ratio = Current assets / Current Liabilities

Current year = $224,517 / $120168 = 1.88 : 1

1 years ago = $175,652 / $70,310 = 2.50 : 1

2 years ago =$134,088 / $44,840 = 2.99 : 1

1b. The Current ratio worse over three years period

2a. Acid test ratio = (Cash + Investment + Account Receivables) / Current liabilities

Current year = ($29,328 + $0 + $83,351) / $120,168 = 0.94 : 1

1 year ago = ($32,285 + $0 + $57,663) / $70,310 = 1.28 : 1

2 year ago = ($34,323 + $0 + $45,764) / $44,840 = 1.79 : 1

2b. The Acid test ratio are worse over three years period

8 0

3 years ago

On June 15, a food wholesaler sold 100 cases of canned soup to Happy Foods for $30 per case with terms of 2/10, n/30. On June 17

Brilliant_brown [7]

Answer:

Explanation:

The journal entries are shown below:

On June 17

Food wholesaler A/c Dr $600 (20 cases × $30)

To Purchase return $600

(Being returned goods are recorded)

Food wholesaler A/c Dr $600 $2,352

To Bank A/c $2,352

(Being payment is made)

(Being cash received recorded)

The computation is shown below:

= (Credit purchase - returned goods ) - (Credit purchase - returned goods ) × percentage given

= (100 case × $30 - $600) - (100 case × $30 - $600) × 2%

= ($3,000 - $600) - ($3,000 - $600) × 2%

= $2,400 - $48

= $2,352

This is the answer but the same is not provided in the given options

6 0

4 years ago