Answer:
Many buyers and many sellers
Explanation:
Perfect competition occurs in a market where we have a large number of buyers and sellers selling the same products with no restriction to information and minimum governmental influence.
Its characteristics include many buyers and sellers , undifferentiated products ,no barrier to entry and exit .
It does not allow excess profit as companies make just adequate profit to say afloat in business.
It is used as a standard for real life market.
Answer:
Advertising increases aggregate demand
Explanation:
If a store is selling some candy, no-one will know about the candy if they aren't told. If a child sees an advert about that candy and gets interested, he/she would beg their parents to get it for them. If 80 out of a population of 100 children see the advert and half of the them are allowed to buy the candy, the demand for that candy has already risen by nearly 50% of the children in that area.
C because it makes you seem the most likeable
Answer:
Answer explained below
Explanation:
(1)
IS Model:
Y = C + I + G + X - M
Y = 100 + 0.5Y + 100 - 20r [G = X = M = 0]
(1 - 0.5)Y = 200 - 20r
0.5Y = 200 - 20r
Y = 400 - 40r ......(1) [IS Equation]
LM Model:
Money demand (Speculative + Transactions demand) = Money supply
100 - 10r + 0.1Y = 80
0.1Y = 10r - 20
Y = 100r - 200 .....(2) [LM Equation]
(2) When IS & LM intersect, from part (1):
400 - 40r = 100r - 200
140r = 600
r = 4.29
Y = 100r - 200 = (100 x 4.29) - 200 = 429 - 200 = 229
(3)
There will be four regions as explained below:
In region I, there is excess supply in both goods and money market, which puts downward pressure on both interest rate and output.
In region II, there is excess demand in goods market, but excess supply in money market, which puts upward pressure on output & downward pressure on interest rate.
In region III, there is excess demand in both goods and money market, which puts upward pressure on both interest rate and output.
In region IV, there is excess supply in goods market, but excess demand in money market, which puts downward pressure on output & upward pressure on interest rate.
Answer:
outsource the accounting function to another firm
Explanation:
Based on this information regarding Marcus' situation, the best advice would be for him to outsource the accounting function to another firm. This is something that many individuals/companies do and will allow Marcus to focus all of his time and energy on what he is best at (which is helping his clients with their marketing challenges.) while at the same time making sure that the accounting tasks such as billing the clients are done quickly and correctly.
