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makkiz [27]
4 years ago
5

When comparing the perfect competition model to the real-world markets, what can you surmise that is true

Business
1 answer:
love history [14]4 years ago
3 0

Answer:

Perfect competition is only theoretical, it does not exist in the real world. Not even commodities markets like corn, soybean, oil, etc., work in a perfectly competitive way. First of all, taxes, tariffs and subsidies exist. Also, one of the conditions for perfect competition is that all buyers and sellers must have immediate access to perfect information, and that is virtually impossible.

Perfect competition markets act like benchmarks since real life markets will never be able to reach perfect allocation of resources, but some markets get really close to doing so.

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A project has an initial cost of $17,700 and produces cash inflows of $7,200, $8,900, and $7,500 over three years, respectively.
Andreas93 [3]

Answer: Never

Explanation:

Discounted payback period aims to find out how long it will take for a project to repay its investment given its discounted cashflows.

Year 1 = 7,200 / ( 1 + 0.16)

= $6,206.8965

= $6,206.90

Year 2 = 8,900 / ( 1 + 0.16) ²

= $6,614.149

= 6,614.15

Year 3 = 7,500 / ( 1 + 0.16)³

= $4,804.93

Year 1 + Year 2 + Year 3

= 6,206.90 + 6,614.15 + 4,804.93

= $17,625.98‬

It failed to pay back the $17,700

3 0
3 years ago
MoveOn.org was one of the first groups to successfully organize a large number of people around issues like partisan bickering a
Svet_ta [14]

Answer:

Resources Mobilization Theory

Explanation:

It is theory of social movements that argues success movements gain traction by acquiring and successfully using resources to their advantage to achieve their goals.

7 0
4 years ago
The marine corps, while also steeped in tradition and focused on the individual marine, prides itself on its quick responsivenes
Murljashka [212]

The Marine Corps refer to the United States Marines Corps, a branch of the U.S. Army who is responsible for conducting expedition and amphibious operations with multiple branches of the military, which includes the Navy, Army, and the Air Force.

The answer to the question is size and capacity vs. speed and flexibility.

7 0
3 years ago
Read 2 more answers
Which of the following best explains the implications of a vertical lras curve?
disa [49]

Answer:

Answer B

Explanation:

The idea behind long-run aggregate supply is that the output economy produces depends on its resources and available technologies. Prices in the long run have time to adjust and they do so at the level equal to the economy's potential output. At this full employment output, economy is facing with natural rate of unemployment.

3 0
3 years ago
Edward is paid $5 an hour less for doing a job that requires an equal level of skill, effort, and responsibility as a job perfor
natali 33 [55]

Answer:

Equal Pay Act

Explanation:

The Equal Pay Act is a federal law that requires employers to pay men and women under the same working conditions equally. Simply put, equal pay for equal work.

This Act was signed into law on June 10, 1963 by John F. Kennedy and it was aimed at abolishing wage differences based on sex, just like in the question above.

5 0
3 years ago
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