Answer:
Explanation:
The lunch plate industry in Oahu is a perfectly competitive industry.
This industry is also a decreasing cost industry. A decreasing cost industry can be defined as the type of industry where an increase in the number of firms in the industry causes the average production cost to decline.
The industry is currently in long-run equilibrium and has the price level at $5.
As the demand increases, the price level will initially increase. But this increase in the price will cause the profits to increase and thus attract potential firms to join the market.
As the number of firms increases the average cost of production will decrease. As a result, the supply in the market will increase more than the demand.
So the long-run equilibrium will be reestablished at a lower price than earlier.
You can find the percentage by multiplying the ratio of the rent to the earnings by 100.
8265/28500 * 100 = 29 %
Answer:
identify if customer needs are being met
Explanation:
market research the action or activity of gathering information about consumers' needs and preferences
Refer to Fact Pattern 42-2A. If Eddie is liable under the Securities Exchange Act of 1934, it will be because the information on which he based his purchase of Fresh Dairy stock was <span><u>not yet public.</u>
</span>Section 12 of the Securities Exchange Act of 1934. Section 16(b) of the act covers <span>the short-swing activities of Orbital's insiders.</span>
