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3 years ago

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

Business

1 answer:

tigry1 [53]3 years ago

8 0

Answer:

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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The “Beijing Consensus” approach to economic development, a model based on China’s rapid economic growth, implies a. experimenti

maksim [4K]

Answer:

a. experimenting with policies that are compatible with a state’s political structure and experience rather than with economic liberalism.

Explanation:

The Beijing Consensus reflects a new approach to development based on China's model of economic growth. It is a non-liberal, state-driven view of development, in which development is seen as a process of structural transformation of society and cannot be confused or replaced by market economic policies. Thus, the central objective of the Beijing Consensus Chinese Development Policies is to create a development policy based on the experience of the state, within that country's political conformation, in order to link economic development to social and human development.

6 0

3 years ago

Which of the following items of property would be included in the gross estate of a decedent who died in 2018? Select all that a

Assoli18 [71]

Answer:

A and D

Explanation:

Gross estate refers to the total dollar value of an individual’s property and assets at the time of his or her death. This figure does not factor in any liabilities, such as debts owed and taxable events triggered by one's death. When those charges are deducted, the sum figure represents the net value of an individual’s estate.

Gross estate values are typically calculated by an executor, which defines an individual who is primarily responsible for fulfilling the directives of the deceased

5 0

4 years ago

Read 2 more answers

Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of

mrs_skeptik [129]

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

5 0

4 years ago

When Jane appeared for an interview at Incogyn Inc., she was promised a monthly pay of $7,500 after all tax deductions. However,

musickatia [10]

Answer:

C) legal component

Explanation:

When Jane got the job at Incogyn Inc she signed a contract that states she would receive $7,500 after all taxes are paid. Instead she was paid $7,230.

This is a misinterpretation of information, breach of the contract between Jane and Incogyn so the loss incurred was as a result of legal component of Incogyn Inc's environment.

When companies make deductions not previously agreed upon, the information should be passed along to the employees to avoid legal action.

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3 years ago

Why is the truth lending act good for credit consumers

leonid [27]

<h2>♨ANSWER♥</h2>

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans

☆...hope this helps...☆

_♡_mashi_♡_

3 0

2 years ago

Read 2 more answers