Answer:
The correct answer is True.
Explanation:
A perfectly competitive market has the following characteristics:
• There are many buyers and sellers in the
market.
• The goods offered by the different sellers
They are largely identical.
• Companies can freely enter and exit the
market.
As a result of these characteristics, perfectly competitive markets, result in:
• The actions of any buyer or seller
have an insignificant impact on the price of
market.
• Each buyer and seller takes the prices of
Market as dice.
A competitive market has many buyers and sellers trading with identical products so that each buyer and seller is price-accepting.
• Buyers and sellers must accept the price
determined by the market.
Answer:
The static budget variance of revenues is 36000 Unfavorable
Explanation:
Lincoln Corporation
Static Budget Variances
Actual Budgeted Static Budget
Units sold Units sold Variance
42,000 units 39,000 units
Sales Price $ 12 $ 12
Revenues 504000 468000 36000 Unfavorable
Variable costs $ 168,000 $ 158,000 10,000 Unfavorable
Fixed costs $ 46, 000 $ 48,000 2000 Favorable
The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.
In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.
Answer:
Jake should shear the llamas.
Explanation:
Latasha can shear the llamas in 1 hour.
Jake takes 6 hours to shear the llamas.
Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.
Latasha can either earn $120 in an hour or shear a llama.
In 6 hours Jake can earn either shear a llama or earn
= 
= $90
The opportunity cost of shearing llamas is high for Latasha ($120) while, it is lower for Jake ($90). So, Jake should shear the llamas.
Considering the benefits and importance of insurance, the ten roles of insurance in a business include "<u>security and safety</u>."
<h3>The other roles of insurance in a business are:</h3>
- Mitigation of risk
- Provision of insurance service by the insurance company
- Protection from unexpected losses
- Ease of getting loans
- Provision of social cooperation
- It enhances saving habits
- It aids some contracts that require it.
- There are tax benefits.
- Promotion of trades and industry, etc.
Hence, in this case, it is concluded that insurance plays various roles in business.
Learn more about Insurance here: brainly.com/question/4953989
Here is the answer. Suppose that consumption depends on the interest rate, how this alters the conclusions is that at any given level of the interest rate, national saving falls by the change in government purchases. You should also consider <span>what happens when government purchases increase. Hope this helps.</span>
