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Yuki888 [10]
3 years ago
6

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

Business
1 answer:
tigry1 [53]3 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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: During June of 1997: Steve Wall, the Advanced Projects Design Team Leader at NASA’s Jet Propulsion Laboratory, estimated that
slava [35]

Answer:

This is really a personal opinion, since whether it is correct to send people to mars or not depends largely on your point of view and personal beliefs. Clearly, humans are far more capable than robots, and they can explore space and eventually other planets much better than a rover. On the other hand, sending people to Mars is not only extremely expensive, but it is also extremely dangerous for the astronauts themselves.

Imagine so many people died trying to get to space and then to the moon, and that was very easy compared to getting to Mars and back.

We can find millions of better ways to use the money than sending people to space, and that is really hard to argue against. Our planet, our country, state or even city could all benefit and use the money more productively.

But lets say that we do not care about the money because Mr. Bezos or some other billionaire decided to donate it. Now we would face the technical issues of going to Mars and actually staying there for a long time. A trip to mars is not something that would be carried out for just a couple of hours (like moon walking). Astronauts will have to stay in Mars for weeks, months or even years before they can return. This results in an extreme danger to their health due to cosmic rays. Can humans survive long term exposure to cosmic rays? The answer is NO and Mars's atmosphere doesn't help.

If we analyze this situation from a technical point of view, it would be better and safer to send astronauts to Titan (Saturn's moon), and would probably be also more useful. Titan's environment is similar to Earth's in many ways, and if we are actually doing it for a scientific purpose besides simply being curious, then it is much more useful to go to Titan. The scientific purpose of going to mars instead of other possible destinations is not very solid. Mars is really different to Earth and unless someone finds Martians living there, there is not much you can do.

8 0
3 years ago
Are policymakers susceptible to​ rent-seeking behavior? Explain. ​Rent-seeking behavior
Taya2010 [7]

The correct answer is D: May succeed when many voters are rationally ignorant.

Further Explanation:

Rent-seeking behavior can best be described a person lobbying for a particular business or person. Many times a politician is bribed to give a that business certain legislature rules/laws in favor for that company.

If logrolling is permissible, the rent seeking may be successful. Many times the this produces results that are not favorable to the public and can even be harmful. It really helps to understand the government policies when a person understands rent-seeking behavior.

Some ways a government may fail is;

  • rent seeking behavior
  • Regulatory capture
  • rational ignorance
  • logrolling

Learn more about rent-seeking behavior at brainly.com/question/13767756

#LearnwithBrainly

4 0
3 years ago
ppreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC's reported earnings (from the consolidated incom
Tems11 [23]

Answer:

Decrease or fall, Purchasing

Explanation:

Appreciation is the term which is defined as the increase in the currency value relative to the another currency, which could be exchanged for a huge amount of foreign currency.

So, when there is appreciation in euro in relation to US dollar, it cause US grounded MNC reported earnings to decrease as the US dollar will not be exchanged because euro is appreciated.

And when the firm desire to reduce the exposure to the exchange rate movements, it might stabilize the reported earnings through purchasing the euros in the foreign exchange market.

6 0
3 years ago
If an economy is producing at a point on its production possibilities frontier, it is: a.efficient in production and allocation.
irinina [24]

Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.

- all points on the curve are points of maximum productive efficiency

- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.

8 0
3 years ago
Explain the three main characteristics and uses of money
strojnjashka [21]

Answer:

Explanation:

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

8 0
2 years ago
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