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igomit [66]
3 years ago
5

Assume that the market for chocolates is perfectly competitive. Which of the following statements would be true in this​ case? A

. Jill starts to produce chocolates​ today, but the addition of her supply into the market does not decrease the market price. B. Terry uses soy milk for producing his​ chocolates, while Donna uses almond milk for producing hers. C. ​Jessica, a chocolate​ seller, sometimes sets her price lower or higher than the price at which other sellers sell their chocolates. D. Pam wants to produce chocolates but she is unable to as Roy controls all the cocoa farms in the region.
Business
1 answer:
Burka [1]3 years ago
4 0

Answer:  Option A                      

Explanation: In simple words, perfect competition refers to market structure in which there are large number of participants each operating at  small level.

The prices of commodities in such markets are determined by the forces of demand and supply as no individual participant is able to influence the price on his or her own.

Thus, the statement depicting Jill not able to decrease price even after increase ins supply depicts perfect completion.

                           

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Read each scenario and pick the statement that matches it.
diamong [38]

Answer:

1. b

2. c

3. a

4. d

Explanation:

4 0
2 years ago
Bill and Alma are shopping for their first home. They have found two houses that are nearly identical except for their locations
Verizon [17]

Answer:

The correct answer is c. Marginal analysis

Explanation:

Marginal analysis is a technique you can apply when you are comparing some options.  We can say this analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Using this technique you can maximize the potential profits.

The additional cost versus the additional benefit of a decision. In this case,  Bill and Alma are analyzing if  living 10 miles closer to their workplaces ( benefit) is worth the extra $25,000 in the cost of the house(cost). This is marginal analysis.

8 0
3 years ago
Notamos que, por vezes, os preços dos itens nos supermercados variam em algumas casas de centavos. Contudo, devido à proximidade
saveliy_v [14]

Answer:

People usually prefer saving their time by buying at a place where they can find all the necessity products, they pay a few cents more for a single product just because they don't have to visit another store in order to buy the remaining goods.

Explanation:

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People usually prefer saving their time by buying at a place where they can find all the necessity products, they pay a few cents more for a single product just because they don't have to visit another store in order to buy the remaining goods.

6 0
3 years ago
The net pension liability (PBO minus plan assets) is decreased by: Multiple Choice Service cost. Expected return on plan assets.
Mumz [18]

Service cost

Answer: Option A.

<u>Explanation:</u>

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On the other hand when the total pension assets are more than the total pension liabilities, then it i known as the net pension assets.

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Keith_Richards [23]

Answer:

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3 0
2 years ago
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