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ch4aika [34]
3 years ago
15

Imperfect markets: do not exist in democracies. always result in supply exceeding demand. always result in demand exceeding supp

ly. occur when the buyer or seller has an influence on the price. can’t occur if there are many buyers and many sellers.
Business
1 answer:
Korolek [52]3 years ago
5 0

Answer:

The correct answer is: when buyers and sellers have influence on price.

Explanation:

The imperfect market situations exist when there are few buyers or sellers such that they are able to influence the market. For instance, in a perfectly competitive market, there is a large number of buyers and sellers. So, any single buyer or seller is not able to influence the market. The price and output are determined by the market forces.  

In an imperfect market such as monopoly or oligopoly, few firms exist so they are able to fix output and price on their own.

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Answer:Which factor most directly affects a furniture company's supply?

Explanation:

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3 years ago
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artcher [175]

The best course of action is to ask Steve to generate quit-claim deeds on the properties. Even though the divorce decree grants ownership to Margot, she can't convey the properties until Steve either produces quit claim deeds OR agrees to convey the properties with her.

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7 0
2 years ago
A forecast is defined as a(an) Select one: A. set of observations on a variable measured at successive points in time. B. quanti
Brilliant_brown [7]

Answer:

The correct answer is option C.

Explanation:

Forecast is the prediction of future values of a time series.

Forecast in literal sense means prediction or estimate.

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8 0
3 years ago
You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, a
Sergeu [11.5K]

Answer:

you definitely take the job in Dallas because the real wage is higher there.

Explanation:

given data

Chicago paying = $67,000

Dallas paying = $58,000

price index in Chicago = 110.8

price index in Dallas = 91.5

solution

we get here Real wage in Chicago that is

Real wage in Chicago = 67000 × \frac{100}{110.8}  

Real wage in Chicago = $60469

and

Real wage in Dallas is  

Real wage in Dallas = 58000 × \frac{100}{91.5}  

Real wage in Dallas = $63388

so you definitely take the job in Dallas because the real wage is higher there.

6 0
3 years ago
In order to determine the average variable cost, the firm's variable costs are divided by _______________________.
emmasim [6.3K]

Answer:

total output.

Explanation:

for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.

The average variable cost = $50,000 / 10,000 = $5 per unit of A

The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A

The average total cost = $75,000 / 10,000 = $7.50 per unit of A

3 0
3 years ago
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