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stepan [7]
3 years ago
14

The long-run market supply curve in a competitive market will

Business
1 answer:
34kurt3 years ago
4 0

Answer:

The answer is C.

Explanation:

Competitive market i.e perfect competitive market is the type of market that has many sellers and buyers, the products are identical or similar, no seller or buyer can influence the price of the products, there is low barriers to entry.

This market has a well defined supply curve. The long-run supply curve is a horizontal straight line which is equal to the minimum average cost. Because it is elastic, the price would remain the same irrespective of the output. So it is more sensitive to price(cost of production) in the long run.

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Which of the following statements is​ false?A. In a​ make-to-order environment, the forecasts tend to be for groups of products.
Step2247 [10]

Answer:

D) All of the above statements are true.

Explanation:

A. In a​ make-to-order environment, the forecasts tend to be for groups of products.

Make to order products are manufactured following the client's specifications. This type of product are not made one at a time, but are made in batches, e.g. 10,000 units of a certain door model.

B. If the lead time to buy raw materials is​ long, the forecasts go farther out into the future.

If you know that it takes longer to purchase raw materials or any other type of material, you must forecast the amount of material you will need for longer periods of time.

C. In a​ make-to-stock environment, forecasts tend to be more detailed and can get down to specific individual products.

Make to stock purchases are done to match your expected sales volumes, so if you estimate your sales of product Y to be 200 units, then you will forecast the purchase of 200 units of that product.

3 0
3 years ago
If the Fed raises the interest rate, this will ________ inflation and ________ real GDP in the short run.
anzhelika [568]

Answer:

reduce; lower

Explanation:

If this helped, please give brainliest answer! Thanks!

8 0
2 years ago
A nurse who is a chronic complainer comes back from lunch 20 minutes late. When confronted by the manager, the nurse says, "The
allochka39001 [22]

Answer:

1. Policies must be consistently applied to all employees

Explanation:

In the given scenario, the nurse has justified her late coming by complaining about the other nurses who smoke also comes late and hence the manager's major consideration before replying must be based on that the policies must be consistently applied to all employees.

3 0
3 years ago
An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays
Likurg_2 [28]

Answer:

With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.

Explanation:

According to the given values in the question,

The expected value will be:

⇒ E(value) = Sum \ of \ (x\times P(x))

By putting all the given values, we get

⇒                 =1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92

⇒                 =50+100+250+0

⇒                 =400 ($)

As we can see that,

E(value)

400

Thus the above is the correct answer.

8 0
2 years ago
What is involved in the process of reconciliation?
kvasek [131]
The answer is going to be so pick number 2 B
6 0
3 years ago
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