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3 years ago

In a perfectly competitive market, the price of the product is

Business

1 answer:

Mkey [24]3 years ago

7 0

Answer:

b. set by market supply and demand.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Because goods are homogenous and there are many buyers in the industry, sellers do not set the price for their goods and services. Prices are set by the market forces of demand and supply. This makes sellers price takers.

Other features of perfect competition are :

1. No barriers to entry or exit of firms

2. Firms make zero economic profit in the long run.

I hope my answer helps you.

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Amelia started an online jewelry business. She is the only owner. This is an example

AveGali [126]

Answer:

limited liability company

5 0

2 years ago

DJ Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the fol

guajiro [1.7K]

Answer:

$304,000

Explanation:

Calculation to determine How much was DJ's net income

Net cash inflow from operating activities ($262,000)

Less Account spayable decrease ($26,000)

Less Prepaid asset increase ($20,000)

Add Depreciation expense $32,000

Add Accounts receivable decrease $26,000

Add Loss on sale of depreciable asset $21,000

Add Wages payable increase $15,000

Less Unearned revenue decrease $21,000

Add Patent amortization expense $15,000

Net income $304,000

Therefore DJ's net income is $304,000

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3 years ago

How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?

kati45 [8]

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the <em>simple linear regression</em> is predicted from one variable, the <em>multiple regression</em> is predicted for more than one of them.

5 0

3 years ago

Suppose that national income in a country is $300 billion, taxes paid by households is $130 billion, household consumption is $1

zhenek [66]

Answer:

$180 billion

Explanation:

The consumption is an act of spending the money from an income. The marginal propensity to consume is the proportion increase in the amount that a consumer is spending. The savings then decline if the consumption increases. In the given scenario the consumption will not raise even if there is an increase in national income and taxes are kept fixed at previous level. This is because marginal propensity to consume is same.

5 0

2 years ago

The systematic process of selecting, supporting, and managing a firm's collection of projects is called: Profile management. Hea

IceJOKER [234]

Answer:

Project portfolio management

Explanation:

Project portfolio management refers to managing the portfolios of the project i,e used by the project managers and the management who manages the project.

This is useful to analyze the risk and return in each project

Moreover, it is a process of choosing, supporting and managing the collection of firm projects in a systematic way

Hence, the third option is correct

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3 years ago