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3 years ago

For a firm in a perfectly competitive market, price is

Business

1 answer:

Zigmanuir [339]3 years ago

8 0

Answer:

The correct answer is D. equal to both average revenue and marginal revenue.

Explanation:

A perfectly competitive market or market of perfect competition is that market in which two characteristics are fulfilled:

1) there is a large number of buyers and sellers in such a way that the influence they individually exert on prices is negligible;

2) the goods or services that are exchanged are the same. [Supply and demand] Perfect competition is the situation of a market where companies lack the power to manipulate the price (price-acceptors), and there is a maximization of well-being.

This results in an ideal situation of the goods and services markets, where the interaction of supply and demand determines the price. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by different vendors are largely identical. Companies can freely enter and exit the market.

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How does a red team versus blue team exercise help an organization

Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0

3 years ago

On November 1, Vacation Destinations borrows $1.57 million and issues a six-month, 9% note payable. Interest is payable at matur

Keith_Richards [23]

Answer:

(a) To Record the issuance of the note

Debit Cash $1.57 million

Credit Notes payable $1.57 million

<em>(To record notes payable issuance)</em>

(b) Adjusting entry for interest expense at December 31:

Debit Interest expense $23,550

Credit Interest payable $23,550

<em>(To record interest expense on notes payable as at Dec 31)</em>

Explanation:

Note payable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $1.57 million x 9%/12 x 6 months = $70,650.

Total interest expense to the Company as at December 31 is therefore $70,650 / 6 months x 2 months = $23,550.

3 0

3 years ago

lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask y

JulijaS [17]

I prefer investing money you can save it too

3 0

3 years ago

5. Max prepares a tax return for Ali at a VITA/TCE site. He finds out during the interview that Ali has no health insurance. Aft

solmaris [256]

Ion know and I wish I did good luck lol

3 0

3 years ago

Subway restaurants are positioned as offering healthy, good-tasting sandwiches. When the competitive frame of reference is quick

Vladimir79 [104]

Answer:

health

Explanation:

Subway's points of difference (POD) when it is compared to McDonald's is health (or healthy food). When Subway is compared to other health food restaurants it's POD is taste. Subway focuses on selling healthy food that tastes well.

POD is what makes your business different form other similar businesses. A restaurant market is a monopolistic competition, where every supplier offers a different product than its competitors, and only those that excel at differentiating themselves in a good way will grow and expand.

4 0

3 years ago

For a firm in a perfectly competitive​ market, price is

For a firm in a perfectly competitive market, price is