Answer: increased competition
Explanation:
Without the existence of a free trade, Sapphira is acting in the capacity of a monopolistic seller and as such can fix price at whatever level she wants to fix it. This changes with the introduction of free trade, as similar products are allowed to come in with lower prices and in order to keep up she has to lower her prices also.
Answer:
An isoquant is a curve that shows the least-cost combinations of inputs that can produce a given level of output.
Explanation:
- Isoquants are lines of equal values that are meant to show a set of points that have the same quantity of output when changing the quantities of more than two inputs.
- It also shows an extent to which the firm has the ability to substitute two or different products to attain the same level of the outputs.
Answer:
(C) Productive activities.
Explanation:
All the actions detailed are traits of a public power that respect the free market as a system that allocates resources as efficiently as possible. In this case, the public system works for the mechanism of prices functions based on private decisions and firms can rely upon that none public disturbance arises in the future. The other 3 options used to occur when public institutions intervene in the free market.
Answer:
The net realizable value is $7,000-$700= $6,300
The reason for this is that $700 was the the allowance for doubtful accounts and this is the amount that company does not expect to receive therefore it is subtracted from the total receivables to find the net realizable value.
Un collectible amount is $200 which is less than $700 so it will be subtracted from 700 and then the doubtful accounts balance will be $500
Explanation:
