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2 years ago

11

What are the three conditions for a market to be perfectly competitive? For a market to be perfectly competitive, there must b

e

1 answer:

xz_007 [3.2K]2 years ago

5 0

Answer:

There are 4 conditions that make a market to be perfectly competitive:

There must be a large number of buyers and sellers, and each one must be relatively small.
All the sellers produce identical products or services.
There are no barriers for entry or exit.
All the buyers and sellers are price takers, no one can set the price at their own will.

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3 years ago

The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget pe

Gnesinka [82]

Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

<h3>What is a budget?</h3>

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2 years ago

20 POINTS !!!!! Based on your budget, which transportation option is the best financial decision for you? Explain your answer in

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3 years ago

Read 2 more answers

A young couple is planning for the education of their two children. They plan to invest the same amount of money at the end of e

laila [671]

Answer:

The couple must save $ 6,598 each year

Explanation:

Calculating the payment amount:

Cost per year = $25,000 per each child

Cost for 4 years = $25,000 × 4 = $100,000

For the oldest child, the college will begin in 16 years and the second child the college will begin in 18 years.

Calculating the amount to be deposited each year for the oldest child.

Using Microsoft Excel PMT function

Rate = 8%

N = 16

PV = 0

FV = -100000

= $3,298

Therefore, they must deposit $3,298 each year for their oldest child.

Calculating the amount to be deposited each year for the second child:

Using Microsoft Excel PMT function

Rate = 8%

N = 18

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= $2,670

Therefore, they must deposit $2,670 each year for their second child.

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3 years ago

A manager desires to increase the cohesiveness and productivity of project teams. what should he do for the groups?

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Managers can increase cohesiveness in teams through encouraging people to have face-to-face exchanges at work. They should mandate through verbal and non-verbal actions. They should be hands-on in every detail of the company.

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3 years ago