1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timama [110]
3 years ago
5

Classify the assumptions according to whether or not each item is an assumption made under perfect competition (also known as pu

re competition or competitive industry).
Assumed in perfect competition Not assumed in perfect competition
a. price-taking behavior
b. a small number of producers
c. firms selling a similar but differentiated good
d. significant barriers to entry
Business
1 answer:
Stells [14]3 years ago
3 0

Answer:

Option “A” is the assumption of perfect competition while options B, C, and D are not the assumption of perfect competition.

Explanation:

Option A, is the assumption of perfect competition because, in the perfect competition, the industry decides the price with the help of market forces demand and supply. Moreover, this determined price is followed by firms in the industry. While the other options are not assumed in perfect competition because there are a large number of firms that can be seen in perfect competition and these firms sell homogeneous goods. Furthermore, the firms are free to enter and exit the market.

You might be interested in
Which is the branch of the US Treasury Department that collects taxes?
romanna [79]
The answer to your question is IRS
6 0
4 years ago
Elizabeth is marketing a new type of picture frame that she invented. She has developed a full identity for the product and want
Tresset [83]

Answer:

Trademark.

Explanation:

Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.

Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.

3 0
3 years ago
A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b
xenn [34]

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

5 0
4 years ago
Read 2 more answers
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering
ASHA 777 [7]

Answer and Explanation:

The computations are shown below:

1. For annual implicit cost

= Earning annual salary + earned annual interest

= $80,000 + $500

= $80,500

2. For Annual accounting cost

= Explicit cost

= Direct expenses

= Office rent + rent of equipment + supplies + utilities + salary of a book keeper

= $15,000 + $3,000 + $1,000 + $1,200 + $35,000

= $55,200

3. For economic cost

= Accounting cost + implicit cost

= $55,200 + $80,500

= $135,700

4. For revenue

= Accounting profit + profit

= $55,200 + $50,000

= $105,200

5. For revenue

= Economic cost + profit

= $135,700 + $50,000

= $185,700

8 0
3 years ago
A local marketing firm is considering launching a new and extensive social media marketing campaign. This investment of resource
slava [35]

Answer:

The marketing firm should use the Present Net Value calculation to see if the marketing campaign will add value to the company.

Explanation:

The Present Net Value is a calculation that brings to present time all the future cash flows of an investment. Seeing the campaign marketing strategy as a potential investment, the firm has to identify the revenue entirely caused by the marketing campaign. Doing this, the firm will identify inflows (sales) per year that have to be subtracted to the outflows (marketing expenses). The net value of every year is discounted at a discount rate, and if the Present Net Value is higher than 0, it means that the marketing strategy is expected to bring value to the firm

7 0
3 years ago
Other questions:
  • Which domain suffixes do businesses that sell products and services commonly use? Check all that apply.
    9·2 answers
  • Deviations between expected operating expenses and _____ serve as a "feedback loop" to launch more detailed financial analyses i
    7·1 answer
  • The ________ reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well
    7·1 answer
  • ​________ represents a debt owed for renting a building.A.Rent PayableB.Rent ExpenseC.Rent RevenueD.Prepaid Rent
    5·1 answer
  • The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
    15·1 answer
  • Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a comput
    8·1 answer
  • You own an e-commerce site that sells skis and related winter sports gear. You gather your team of six employees and ask them to
    8·1 answer
  • A deed often used to clear up cloud on title is
    9·1 answer
  • An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. this predicti
    13·1 answer
  • Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!