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kenny6666 [7]
3 years ago
13

In a competitive market, every consumer willing to pay the market price can buy a product and every producer willing to sell the

product at that price can sell it.
(A) True
(B) False
Business
1 answer:
Gennadij [26K]3 years ago
5 0

Answer:

The correct answer is True.

Explanation:

A competitive market is one in which there are many buyers and many sellers, so each one has an insignificant influence on the market price. Each seller controls the price to a limited extent, as others offer similar products. You have few reasons to charge a lower price than the current one, and if you charge more, buyers will go to others. Also, no buyer can influence its price, since each one only buys a small amount.

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In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the us
chubhunter [2.5K]

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

<h3>Discounted amount </h3>

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

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8 0
1 year ago
The fisher effect predicts that an increase in expected inflation will lower the interest rate on bonds. true false
mario62 [17]
False. Interest rates rise as the expected inflation also increases. 
8 0
3 years ago
Following an active duty period of 45 days, when must an employee return to work or apply for reemployment?.
barxatty [35]

If your service lasts 31 to 180 days, you must return to work within 14 days of returning from completing your service requirements.

For deployments lasting more than 180 days, you must apply for re-employment within 90 days of the end of your service.

<h3>What is reemployment in central government?</h3>

Persons reemployed after resignation removal or dismissal provided they have not received any retirement terminal benefits for the pre-empolyed service .

Persons reemployed in posts the expenditure of which is not debitable to the civil estimates of the Union Government .

<h3>What reemployment means?</h3>

The act or an instance of employing or being employed again.

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5 0
1 year ago
Which of the following terms best represents voluntary actions that violate significant organizational norms and, in doing so, t
Oksi-84 [34.3K]

Answer:

The correct answer is (B)

Explanation:

Deviant workplace behaviour is a voluntary action of the employees that negatively affects the organisational structure and operations. It is a counterproductive behaviour in which employees do not put all the efforts into work and sometimes even withdraw. It goes against the legitimate interest and well-being of an organisation. It also affects other employees, firms and clients.

6 0
3 years ago
Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o
bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = \frac{120,000}{500} = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = \frac{380,000}{4,000} = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = \frac{100,000}{9,000} = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes \times $240 = $2,880

Setup charges = 17 setups \times $95 = $1,615

Inspection charges = 26 inspections \times $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0
3 years ago
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