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Cerrena [4.2K]
3 years ago
13

Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su

ch markets, sellers of goodscan influence the prevailing market price, giving them the role of pricemakers in the market. True or False: The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
Triss [41]3 years ago
5 0

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

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the yellow company has a current ratio of 2.65 . The acid test ratio is 2.01 . The current liabilities of the are company $45,00
ivann1987 [24]

Answer:

Amount of inventory = $28,800

Explanation:

Given:

Current ratio = 2.65

Acid test ratio = 2.01

Current liabilities = $45,000

Prepaid expenses = $0

Find:

Amount of inventory

Computation:

Current ratio = Current assets / Current liabilities

2.65 = Current assets / 45,000

Current assets = $119,250

Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities

2.01 = [119,250 - Inventory - 0] / 45,000

90,450 =119,250 - Inventory

Amount of inventory = $28,800

5 0
3 years ago
Calculate the total dollar of each sale. including invoiceid, invoicedate
Lunna [17]
Im not sure what you mean by that? be specific please and i will be sure to help ;)
6 0
3 years ago
If consumption increases, a) the SRAS curve will shift rightward, which will push the price level up. b) the SRAS curve will shi
SSSSS [86.1K]

Answer: Option (d) is correct

If consumption increases, the AD curve will shift rightward, which will increase the price level.

Explanation:

If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.

Because there is more demand in the economy which gives an advantage for the producer to charge higher price.

3 0
3 years ago
The law of variability says that​ "the greater the random variability either demanded of the process or inherent in the process
Aneli [31]

Answer:

C. the less productive the process​ is.

Explanation:

Variability refers to the property when the given substance are highly probable to change and that the results accordingly change.

In that condition there is no drawn pattern for such change, as it might or might not change according to the expected scale and level.

In this, if there is high variability, then the results can be that the resulting process will be least productive, as there are so many uncontrollable changes.

Accordingly, since no proper management of the related process is possible, the results will not be productive.

6 0
3 years ago
1. What does reconciling an account involve?
kondaur [170]

1. The answer is<u> "A. checking one's financial records against the bank’s".</u>


Reconciling an account frequently implies demonstrating or reporting that a record balance is right. For instance, we accommodate the parity in the general record account Cash in Checking to the equalization appeared on the bank articulation. The goal is to report the right sum in the general record account Cash in Checking. You will regularly need to modify the general record account balance for things showing up on the bank explanation that were not entered in the general record account.  


2. The answer is <u>"b. They last for a set period of time".</u>


A certificate of deposit (CD) is a funds declaration with a settled development date and indicated settled financing cost that can be issued in any category beside least venture necessities. A CD confines access to the assets until the point that the development date of the venture. Certificates of deposit are for the most part issued by commercial banks and are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per person.  


5 0
3 years ago
Read 2 more answers
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