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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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Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded s

kiruha [24]

Answer:

Future Value= $156,901.16

Explanation:

Giving the following information:

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded semi-annually.

To calculate the future value of this investment, we need to use the following formula:

FV=PV*(1+i)^n

PV= 98,000

i= 0.08/2= 0.04

n= 6*2= 12

FV= 98,000*(1.04^12)= $156,901.16

6 0

3 years ago

Who is Adam Smith and what is his belief about prices? Do you agree or disagree? Why?

andrew-mc [135]

Answer:

Adam smith is Abigail Smiths husband

Explanation:

They have been married for centies

4 0

3 years ago

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal

Paladinen [302]

Answer:

1. The GDP deflator for this year is calculated by dividing the <u>value of all goods and services produced in the economy this year</u> using <u>this year's prices </u>by the <u>value of all goods and services produced in the economy this year </u>using <u>the base year's prices</u> and multiplying by 100.

This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.

2. However, the CPI reflects only the prices of all goods and services<u> bought by consumers. </u>

<u />

3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - <em><u>B) CPI</u></em>

The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.

4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - <em><u>A) GDP Deflator</u></em>

This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator.

4 0

3 years ago

he support manager at Universal Containers wants a dashboard that shows the number of cases that remain open as of 5:00 p.m. eac

erma4kov [3.2K]

Answer:

A. Report based on a reporting snapshot that runs daily at 5:00 p.m.

Explanation:

Since the support manager needs a dashboard in the given situation that reflects the number of cases that stay open at 5:00 p.m every day at Universal Containers and in this case, every day at Universal Containers, he likes to work on a reporting snapshot running daily at 5:00 p.m. because it shows the real-time status or we may say that the current status is really required.

hence, the correct option is a.

7 0

3 years ago

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the

Mrac [35]

Answer:

The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

= Face Value - Cost of issuance

where

Face Value is $10,000,000

Cost of issuance is $150,000

Putting the values above:

= $10,000,000 - $150,000

= $9,850,000

Note: Premium will not be considered as it is asked for when the bonds are issued.

5 0

3 years ago