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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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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

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Answer:

Option D , $15.12

Explanation:

Weighted-average method :

Materials

Units transferred to the next department = 10,300

Ending work in process:

Materials: 1,200 units × 90% = 1080

Equivalent units of production =10,300+1080= 11,380

Materials

Cost of beginning work in process inventory= $2,700

Costs added during the period = $173,900

Total cost (a) =$173,900+$2,700 = $176,600

Equivalent units of production (b)= 11,380

Cost per equivalent unit (a) ÷ (b) = $15.51

The cost per equivalent unit for materials for the month in the first processing department is closest to $15.51

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2 years ago

Ms. Marilynn Castillo is a marketing manager at Gordon Corp. She debates whether or not to conduct a marketing research study be

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Answer:

The correct answer is letter "B": cost-benefit assessment.

Explanation:

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3 years ago

A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in

SSSSS [86.1K]

Answer:

8448.22

Explanation:

We are asked to calculate the present value of 20,000 in ten years.

$\frac{amount}{ {(1 + rate)}^{time} } = present \: value$

$\frac{20000}{ {(1 + 0.12)}^{10} } = 8448.22$

<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate

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2 years ago

Jean, a 35-year-old mother of two, has been with her firm for 15 years. She wants to transfer out of the computer room of her or

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Answer:

b. Pregnancy Discrimination Act of 1.

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The Pregnancy Discrimination Act "prohibits sex discrimination on the basis of pregnancy." According to the act, "if an employee is temporarily unable to perform her job due to pregnancy, the employer must treat her the same as any other temporarily disabled employee".

Therefore, since Jean claims she cannot lift 90-pound boxes due to her pregnancy, she should be protected by this act.

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2 years ago

The five restaurants in your town have monthly rent costs of: $6,350, $5,745, $11,870, $15,255, & $26,432. What is the mean

Temka [501]

Answer:

$13,130.4

Explanation:

Mean is a measure of average. It is used to calculate the average of a given set of data.

Mean = Sum of Terms/Number of Terms

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7 0

2 years ago

Read 2 more answers

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

For a firm in a perfectly competitive market, price is