A market index is a resulting value created from the combination of several stocks and other investment vehicles presenting its total value against a base value at a certain period. It is used to show the whole stock market at the same time keeping track with the way the market changes overtime. The practice of tracking the value of the stock market over a period of time can be used to benchmark to make a credible comparison of stock returns.
Answer:
a. Homogeneous products and perfect information
Explanation:
A perfect competition market is a market in which the level of competition is high.
It has the following characteristics -
1. Knowledge is perfect in this competition of producer and consumer with respect to the market.
2. Free entry and exit
3. Deals with homogeneous or identical products
4. The buyers and sellers are more in this market
5 No transportation exist
Answer:
The correct answer is, Non of these option.
Explanation:
None of these options is related to the nonattest assurance services. Non attest services are basically the financial services that are provided to the client that are not specifically related to the performance of the attest engagement. Nonattest Assurance Services include activities such as financial statements preparation, cash to accrual conversion, tax return preparation, reconciliations, etc. All such activities are related to the nonattest assurance services.
Answer:
a. MR = 2/3P
b. The prom-maximizing price is $30.
Explanation:
a. MR = P(1 + 1/e)
= P(1 - 1/3)
= 2/3P
Therefore, Thefirm‘s marginal revenue as a function of its price is MR = 2/3P
b. monopoly firm maximizes profit when MR = MC
2/3P = 20
P = $30
Therefore, The prom-maximizing price is $30.