Answer:
there is no deadweight loss.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.
Answer:
C
Explanation:
Inflation is a persistent rise in general price level
Rise in Inflation rate = 220 / 200 - 1 = 10%
Rise in tuition fees = 115 / 100 - 1 = 15%
From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate
Explanation:
There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.
There are other ethical concerns which are related to advertising and misrepresentation of their products and their services.
These companies understands the characteristics of the advertising and potential dangers that are related to their product.
Answer:
the options are missing, so I looked for a similar question (see attached image):
Explanation:
the equivalent ratios for pie crust and water are:
²/₃ : 3 (normal recipe)
⁴/₃ : 6 (double recipe)
if we equal both ratios:
²/₃ : 3 = ⁴/₃ : 6 we get option B (²/₃ / 3 = ⁴/₃ / 6)
if we reciprocate both sides (we basically flip them), then:
3 : ²/₃ = 6 : ⁴/₃, we get option D (3 / ²/₃ = 6 / ⁴/₃)
Answer:
I would most likely do solar panels because the addition of a solar energy system to your home doesn't increase the assessed value of your home. As a result, your property taxes don't go up.
Explanation:
