In a perfectly competitive market, every seller takes the price of its product as set by market conditions.
<h3>
What is a Perfect Competitive Market?</h3>
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.
Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
<h3>What are some examples of Perfectly Competitive Markets?</h3>
3 Perfect Competition Examples
- Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
- Foreign Exchange Markets: In this market, traders exchange currencies.
- Online shopping: We may not see the internet as a distinct market.
Thus, we can say that the correct option is B.
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Answer:
Making bread
Explanation:
Lyta has to specialize in making bread. By specialization, it means that lyta should focus it's productive efforts on making bread, because from the question she clearly has an absolute advantage in making bread Since the question says she is more efficient in making bread compared to the other product. It means she can produce bread in larger quantities at same cost or she can produce same quantity of bread at lower cost.
The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
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Make a study schedule! organize all your notes and materials .flashcards work or find a study buddy who needs someone to push them to focus on the task as well.
NOTE- I have not used every thing on this list but I added them so you can see what works for you :) happy studying
for homework help include khan academy, lit charts, brain(duh), Wikipedia- note I wouldn't use wiki as help writing an essay or something it's not considered a reliable source for things like that. wolfram alpha.
to help with bookmarks and citations
Instapaper, pocket, easybib also if you need a grammar checker for things you have to type you can download Grammarly to your desktop I'm using it now and it's so helpful.
to help with note taking
notability, Evernotes, my script nobo, penultimate, supernotes, pages, office lens.
to help with organization istudiez
,todoist,any.do,wunderlist,treilo, my homework
to help with productivity
audimemo, lastpass, dragon diction,freedom,pomodroido
for flashcards, i really recommend quizlet or study blue.
for math calculators use math way it's so helpful and one of the best calculators I've ever used.
note- if you have a school iPad or something this list can help a lot.
phew finally let me post :D
hope I helped - beanz
I believe it’s b.
Sorry if it’s wrong I’m not sure
