Answer:
sets the price and determines the quantity it sells in the marketplace.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
In perfect competition, an individual firm sets the price and determines the quantity it sells in the marketplace.
Jill is the <u>"defendant".</u>
A defendant is a man blamed for carrying out a wrongdoing in criminal arraignment or a man against whom some kind of common alleviation is being looked for in a common case.
In a criminal trial, a defendant is a man denounced (charged) of carrying out an offense (a wrongdoing; a demonstration characterized as culpable under criminal law). The other party to a criminal preliminary is normally an open prosecutor, however in a few jurisdictions, private indictments are permitted.
Answer:
Null hypothesis: The mean price of restaurant meal is the same as fixing a comparable meal at home.
Alternate hypothesis: The mean price of restaurant meal is less than fixing a comparable meal at home.
Explanation:
A null hypothesis is a statement from a population parameter which is either rejected or accepted (fail to reject) upon testing.
An alternate hypothesis is also a statement from the population parameter that negates the null hypothesis and is accepted if the null hypothesis is proven false.
B. A service to automatically transfer funds from a linked account to cover purchases, prevent returned checks and declines items when you don't have enough money in your checking account at the time of the transaction.
Answer:
d. Owners' Equity is $30
Explanation:
The owners equity is the amount of money that is own by the owner of the business or the business itself minus all of the debts that the business has, in this example, Lily just sold $100 in products, generating a profit of $30, because she bought that for $70, but she owns $70 of those $100 to the local bank, so eventhough she has $100, only $30 are actually owned by the business so Owner´s Equity equals $30.
