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3 years ago

How does competition affect markets?

Business

2 answers:

777dan777 [17]3 years ago

6 0

Answer:

money and price of double of items

Explanation:

it effects the price within the menu and items too

think of it being the "Krusty Krab" and the "Chum Bucket"

4vir4ik [10]3 years ago

4 0

Answer:

Not only does the demand of consumers for the product affect price, but so does the relationship among the different producers of the product. Competition among sellers usually deals with who has the best price. Greater competition among sellers results in a lower product market price.

Explanation:

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Damm [24]

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1 year ago

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baherus [9]

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8 0

3 years ago

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

Butoxors [25]

Answer:

$5625.60

Explanation:

number of units produced =50 units

direct labour hours 100

direct materials $ 680

Direct labor cost $ 7,000

The unit product cost for Job P951 is;

Direct materials = $ 680

Direct labor cost $ 7,000

variable manufacturing overheads $ 6.00*100=600

total fixed manufacturing overheads= $ 273,000

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5 0

3 years ago

You run a school in Florida. Fixed monthly cost is $5,835.00 for rent and utilities, $5,906.00 is spent in salaries and $1,061.0

olga55 [171]

Answer: 1.621

Explanation:

The old charge per student was $678 per month

The new charge is $1,099.

The percent of the new charge compared to the old according to the question methodology is:

= New charge per student / old charge per student

= 1,099/678

= 1.621

3 0

3 years ago

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3

Alenkasestr [34]

Answer:

ending inventory using FIFO = $11,700

ending inventory using LIFO = $7,500

ending inventory using average method = $9,435

Explanation:

date item units price total

Jan. 1 beginning inv. 2,500 $5 $12,500

Feb. 17 purchase 3,300 $6 $19,800

July 21 purchase 3,000 $7 $21,000

Nov. 23 purchase 1,200 $8 $9,600

total 10,000 $62,900

Dec. 31 ending inv. 1,500

ending inventory using FIFO = (1,200 x $8) + (300 x $7) = $11,700

ending inventory using LIFO = 1,500 x $5 = $7,500

ending inventory using average cost = 1,500 x $6.29 = $9,435

5 0

3 years ago

How does competition affect markets?​

How does competition affect markets?