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NISA [10]
3 years ago
5

A perfectly competitive market has a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set

their own prices. e. none of the above.
Business
1 answer:
Natali [406]3 years ago
5 0

Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

It has the following features -  

1. With regard to the market, knowledge is great in this rivalry between producer and consumer.

2. Free entry, and exit  

3. Deals with same or homogeneous products  

4. The sellers and buyers are more in this market  

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Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Poodle of $146,160.
Ahat [919]

Answer:

Conyers = $38,580

Poodle = $222,420

Explanation:

Annual salary allowance to Poodle of $146,160.

Interest of 6% on each partner's capital balance on January 1.

Any remaining net income divided to Conyers and Poodle, 1:2.

net income $261,000

distribution of interests:

  • Conyers = $54,000 x 6% = $3,240
  • Poodle = $93,000 x 6% = $5,580

drawings (annual salary allowance):

  • Poodle = $146,160

remaining income = $261,000 - $146,160 - $3,240 - $5,580 = $106,020

  • Conyers (1/3) = $35,340
  • Poodle (2/3) = $70,680

total distributed:

  • Conyers = $3,240 + $35,340 = $38,580
  • Poodle = $5.580 + $146,160 + $70,680 = $222,420
6 0
3 years ago
LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
Fittoniya [83]

Answer:

collaboration

Explanation:

Supervisory skills is the ability to monitor work, duties been carried out to ensure they are successfully completed.

Conceptualization is the ability to create new ideas.

Resource planning is determining the resources needed to carry out a project.

I hope my answer helps you

7 0
3 years ago
Jim transfers money from his money market account to his savings account. This action:________.
Verizon [17]

Answer:

a.reduced MI and increases M2

Explanation:

Hope that help you!!

4 0
3 years ago
Don kosec, vp of business services for time warner cable in northeast ohio says that their goal is to increase their sales in th
Alex

e. of course it is a good goal; it meets all of the criteria discussed

This goal meets all the criteria for a SMART goal.

5 0
3 years ago
Assume that labor is a variable input. the average wage of workers increases in a purely competitive industry. this change will
Korolek [52]

Assume that labor is a variable input. The average wage of workers increases in a purely competitive industry. This change will result in an increase in marginal cost for firms in the industry and a decrease in the industry supply curve.

    Businesses may decide to request a wide variety of inputs. The most prevalent two are labor and capital in perfect competitive industry.

    Marginal labor output in terms of revenue. The firm decides how much labor to demand by examining the marginal revenue product of labor after it is aware of the level of demand for its production. The additional revenue the business makes by hiring one more unit of labor is known as the marginal revenue product of labor (or any input). The marginal product of labor has an association with the marginal revenue product of work. The value of the marginal product of labor in a market with perfect competition is the firm's marginal revenue product of labor.

To learn more about perfectly competitive market click here:

brainly.com/question/28081306

#SPJ4

6 0
1 year ago
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