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Elden [556K]
3 years ago
13

Suppose that the market for computers is dominated by a single firm, like Dell, that is able to exert influence over prices and

output. This situation violates the perfect competition assumption of:________________.
Business
1 answer:
Salsk061 [2.6K]3 years ago
8 0

Answer:

many buyers and sellers

Explanation:

Based on the information provided within the question it can be said that this situation violates the perfect competition assumption of many buyers and sellers. This is a model that many buyers and sellers in a competitive market agree on a single market price, and that no individual has influence over the price. Therefore if a single company, like Dell in this scenario, is able to influence the price then it is violating this assumption.

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Melanie is very concerned with avoiding late fees. The table shows her choices for paying her bills. Method Bill Payment Methods
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During the​ year, EcoWash Corporation has $ 310 comma 000 in​ revenues, $ 95 comma 000 in​ expenses, and $ 6 comma 000 in divide
fiasKO [112]

Answer:

$215,000

Explanation:

Given that,

EcoWash Corporation has:

Revenues = $310,000

Expenses = $95,000

dividend declarations and payments = $6,000

Hence, the net income is determined by subtracting expenses from the revenues.

Net income:

= Revenues - Expenses

= $310,000 - $95,000

= $215,000

Therefore, the EcoWash Corporation has a net income of $215,000 for the year.

8 0
3 years ago
Research and development costs should be: A. Expensed in the period incurred. B. Expensed in the period they are determined to b
Vladimir79 [104]

Answer:

The correct answer is letter "A": Expensed in the period incurred.

Explanation:

Research and Development (R&D) costs are spent on the development of new products that could or could not end up being commercially offered. These kinds of costs are usually expensed at the same time they are incurred. According to the U.S. Statement of Financial Accounting Standards, the R&D costs cannot be capitalized.

6 0
3 years ago
Currency exchange rates.
sasho [114]

Answer:

$3,402.04

Movement helped you

Explanation:

The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:

I = \$3,700*0.49\frac{\pounds}{\$}\\I=\pounds 1,813

If the remaining amount was ​£146, the total spend in dollars is given by:

S=\frac{\pounds1,813- \pounds146}{0.49} \\S=\$3,402.04

The amount spent in England in U.S.​ dollars was $3,402.04.

If the exchange rate was still $1:£0.49, the amount received back would be:

A_1 = \frac{146}{0.49}=\$297.96

At the new rate of $1:£0.45, the amount received is:

A_2 = \frac{146}{0.45}=\$324.44

Therefore, the movement in the exchange rate helped you.

8 0
3 years ago
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