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BabaBlast [244]
3 years ago
8

Which of the following is NOT a basic assumption of perfect​ competition? A. Production is characterized by significant economie

s of scale. B. There is free entry and exit from the market. C. All firms produce​ identical, or nearly​ identical, products. D. All firms and consumers are price takers.
Business
1 answer:
Alex17521 [72]3 years ago
7 0

Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)

Explanation:

A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.

Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.

In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.

Therefore, option A is the right answer.

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reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,800, Accounts Payable decreased
Artist 52 [7]

Answer:

$24,800

Explanation:

Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.

Cash flow from Operating Activities

Net income                                                     $22,000

Add Depreciation Expense                            $10,800

Less gain on the sale of equipment was         ($500)

Decrease in Inventory                                      $7,800

Decrease in Accounts Payable                     ($8,400)

Increase in Accounts Receivable                 ($6,900)

net cash provided operating activities        $24,800                                                        

Therefore

The net cash provided (used) by operating activities is $24,800

4 0
2 years ago
The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0
2 years ago
Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se
melomori [17]

Answer:

C. strategic planning

Explanation:

Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.

Tools used for strategic planning includes.

1. Growth share matrix.

2.PEST analysis.

3.SWOT analysis.

4.Scenerio planing. etc.

7 0
2 years ago
Read 2 more answers
In Macroland autonomous consumption equals 100, the marginal propensity to consume equals .75, net taxes are fixed at 40, planne
cluponka [151]

Answer:

Planned Aggregate Expenditure equals <u>290 + 0.75Y</u> and the short run equilibrium output equals <u>1,160</u>.

Explanation:

Autonomous spending basically covers essential needs, e.g. housing expenses, food, clothing, etc., and is not affected by the marginal propensity to consume (MPC).

so consumption must equal: C = 100 + 0.75 (Y income - 40 taxes)

PAE = C + I + G + X = 100 + 0.75(Y - 40) + 50 + 150 + 20

PAE = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y

Short run equilibrium exists when Y = PAE:

Y = 290 + 0.75Y

Y - 0.75Y = 290

0.25Y = 290

Y = 290 / 0.25 = 1,160

5 0
2 years ago
What is Service Marketing Environment??
Serggg [28]

Answer:

The service marketing environment refers to all internal and external factors, which directly or indirectly influence the organization's decisions related to marketing activities. Internal factors are within the control of an organization; whereas, external factors do not fall within its control.

Explanation:

5 0
2 years ago
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