I think the answer might be called Vertical Integration
A perfectly competitive firm faces a downward-sloping demand curve.
<h3>What is demand curve?</h3>
It is a visual illustration of the connection between product pricing and demand-side quantity. The graph is built with amount demanded on the horizontal axis and price on the vertical axis.
Demand curve has two types-
- individual demand curve: The quantity that a specific household wants at different prices is represented by a demand curve for that particular household. The graphic representation of the individual demand schedule is another way to describe it. It can be created by analyzing consumer behavior in response to price changes.
- market demand curve: The total of each individual demand curve for a certain good on the market constitutes the market demand curve. It displays the quantity of the commodity that is demanded at various pricing points. The market demand curve has a negative, or downward, slope because quantity requested declines as price rises.
<h3>What is
downward-sloping demand curve?</h3>
A demand curve demonstrating how demand declines as price rises.
The price elasticity of demand is always negative for a downward-sloping demand curve since the price and quantity requested move in the opposite directions.
To know more about the demand curve, here
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Answer:
Jake Werkheiser will have $170,322.48 at the end of 12 years.
Explanation:
We use the following formula to find the future value,
](https://tex.z-dn.net/?f=S%3DR%5B%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D%5D%281%2Bi%29)
S= future value
R= yearly payment =$5000
i= rate of interest = 9%=0.09
n =time =12 years.
Now putting the value of i, n, R
](https://tex.z-dn.net/?f=S%3D5000%5B%5Cfrac%7B%281%2B0.09%29%5E%7B12%7D-1%7D%7B0.09%7D%5D%281%2B0.09%29)
=$170,322.48
Jake Werkheiser will have $170,322.48 at the end of 12 years.
Answer:
Dr Organization costs ($12,000 + $3,000) 15,000
Dr Patent ($20,000 + $2,000) 22,000
Dr Equipment 30,000
Dr Preopening expenses 40,000
Cr Cash 107,000
Explanation:
Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.
Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.
Answer:
The correct answer is letter "B": False.
Explanation:
A focus group is a technique used to obtain qualitative data for research. This data is obtained after gathering a small group between six and twelve people to expose their opinions, likes, and preferences in regards to a product, idea, service, advertisement or content. The participants have similar features and the chat focuses on a specific matter. There is no need for abbreviations since the participants' point of view is typically recorded for analysis and feedback.
