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3 years ago

Price taking behavior for a firm means that:

Business

1 answer:

erma4kov [3.2K]3 years ago

5 0

Answer:

d. the firm has no individual effect on the market price.

Explanation:

Price taker -

It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share , is referred to as price taker .

The price taker does not have the capability to alter the market price , because it does not have enough power to do the same .

A price taker can be any one in the economy , and can freely take entry and exit .

Hence, from the given information of the question,

The correct option is d.

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M and M, Inc. produces a product that has a variable cost of $4.90 per unit. The company's fixed costs are $37,200. The product

iragen [17]

Answer:

So the amount of sales needed will be $144000

Explanation:

We have given selling price per unit =$8

Variable cost per unit = $4.90

Contribution margin per unit = 8-4.90=$3.1

Contribution margin Ratio = $\frac{contribution\ margin}{sales}=\frac{3.1}{8}=0.3875$

Fixed costs = $37200

Target profit= $18600

Required Sales amount to earn the desired profit = $\frac{Fixed costs + Target net income}{Contribution Margin Ratio}$

$=\frac{37200+18600}{0.3875}=$144000$

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3 years ago

Which best describes the benefits of renting a home?

8_murik_8 [283]

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3 years ago

Which government body authorized CTSOs

KIM [24]

Answer:

The U.S. Congress authorized CTSOs.

Explanation:

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3 years ago

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Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu

Vikentia [17]

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

= 15.64%

Therefore, The rate of return on the fund is 15.64%

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3 years ago

With a newspaper headline suggesting additional health benefits from eating apples, based on the change in demand in the apple m

Fofino [41]

We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.

<h3>What is change in demand?</h3>

Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.

We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.

Learn more about change in demand on brainly.com/question/4371942

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2 years ago