Answer:
<h2>Because firms in a perfectly competitive market does not have any price making ability or market power,they are not able to engage in any price discrimination.Hence,the correct answer is the last option or True,because perfectly competitive firms have no market power.</h2>
Explanation:
In Microeconomics,perfectly competitive markets are characterized by many buyers and sellers in which the sellers and firms usually sell homogeneous or identical products.Now,as there are many firms in the market and no barriers to entry for new firms into the market,the market competition or rivalry is high and hence,no single firm has the ability to determine and manipulate the market price according to their own economic advantage because if any firm tries to do so,it will loose significant market share as most customers would move to other sellers/firms charging lower price or regular market price.Therefore,the market price is fixed in the perfectly competitive market as the firms do not have price making or market power.Consequently,they are not able to charge different prices to different customers according to their maximum willingness to pay or differences in price preferences.
Answer:
A) manufacturing costs= $37,000
B) Unitary cost= $37
Explanation:
Giving the following information:
Newhard Company assigns overhead costs to jobs based on 125% of direct labor cost.
The job cost sheet for Job 313 includes $10,000 in direct materials cost and $12,000 in direct labor cost.
A total of 1,000 units were produced in Job 313.
A) manufacturing costs= direct materials + direct labor + manufacturing overhead
manufacturing costs= 10000 + 12000 + (12000*1.25)= $37,000
B) Unitary cost= 37000/1000= $37
Business and economics is basically the study of the production,distribution of resources to provide goods and services
Answer:
Option D is correct
Explanation:
The reason is that the company desires to emphasize control over the economic down turn. Most companies collapse in recession due financial distress. And salary of permanent employees is fixed cost which the company has to pay whatever the situation is. Using freelancer's facilities and temporary workers helps in controlling the cost of the product and ensures the survival of the company.
