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Yuki888 [10]
4 years ago
6

In a perfectly competitive industry, influence over price is exerted by

Business
1 answer:
tigry1 [53]4 years ago
8 0

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

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Type the correct answer in the box. Spell all words correcty.
Nookie1986 [14]

Answer and Explanation:

The information management refers to manage the information in effecetive and efficient manner. It could be in terms of storing, organizing, developing, using, distributing the information so that it became useful for the organization

Here, the goal of information management is to identify the requirement of the information for various management levels so that it can be used in appropriate manner.

5 0
4 years ago
If the supply curve is perfectly inelastic, the burden of a tax on suppliers is borne: a. entirely by the suppliers. b. entirely
Snezhnost [94]

Answer:

Option (a) is correct.

Explanation:

The burden of a tax is entirely borne by the suppliers if the supply curve is perfectly inelastic. The burden of a tax falls more on a person which is having relatively inelastic curve.

For example: A government imposes a tax in a market of beachfront hotels with an inelastic supply curve. There is no other option available for the sellers than to accept the lower price for the hotels, here the taxes are not affecting the equilibrium quantity. Therefore, the entire burden of tax falls on the suppliers.

Suppose that if the demand curve is more inelastic than the supply curve then  most of the tax burden falls on the consumers and if the supply curve is more inelastic than the demand curve then most of tax burden falls on the sellers.

5 0
3 years ago
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
qwelly [4]

Answer: See explanation

Explanation:

​a) What is the economic order​ quantity? ​

This will be:

= ✓[(2 × Demand × Ordering Cost)/(Holding Cost)]

= ✓(2 × 15700 × 77 / 22)

= ✓109900

= 331 approximately

b) What are the annual holding​ costs? ​ ​

Holding Cost = Average Inventory × Holding cost for item

= 331/2 × $22

= $3641

c) What are the annual ordering​ costs? ​

This will be calculated as:

= (Annual Demand/EOQ)*Ordering Cost

= (15700 / 331) × 77

= $3652

​d) What is the reorder​ point?

Reorder point = Daily Demand × Lead Time

= (15700/300) × 3

= 157 units

3 0
3 years ago
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods.
AlekseyPX

Jobs argument justifications is the pundit using to argue for the trade restriction on steel rods

Explanation:

A main argument often put forward to curb trade would be that trade decreases the amount of jobs domestically available.

The point about maintaining jobs is often put forward by employers to protect union jobs. Nevertheless, unions are undermining the market by prohibiting businesses from receiving their products at lower prices, causing them to increase prices. Moreover, businesses are often discouraged from using automation or robotics to retain jobs, which is ironic because automation and robotics improve the productivity of workers, thereby encouraging companies to pay employee salaries and benefits.

8 0
3 years ago
Scottech is examining an investment opportunity that will involve buying $100,000 worth of equipment. They will need $10,000 in
aleksandrvk [35]

Answer:

113,000.

Explanation:

Let go through all the items to see whether we need to include them in the initial outlay or not.

(1) $100,000 worth of equipment => Yes

(2) Shipping will cost $5,000 and installation will cost $8,000 => Yes (Add to purchase price of equipment)

(3) Paid a management consultant $4,000 to analyze this project => No =>This is sunk cost (already incurred regardless of accept or reject the prject)

(4) Increase sales by $20,000 per year => No => under operating cashflow.

(5) $3,500 to train the employees to use the new equipment => No => under operating cashflow.

So, total initial outlay = 100,000 + 5,000 + 8,000 = 113,000.

7 0
4 years ago
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