Answer:
perfectly elastic over the relevant range of output.
Explanation:
In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.
The firm's are price takers and there is no barrier to entry.
This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.
Answer: The March 31 adjusting journal entry shoud include $1200
Explanation: Given that the
Supplies on hand = $500
Candy purchased supplies of $1200 and used supplies of $500
The unused supplies will be:
1200 - 500 = 700 dollars
The March 31 adjusting journal entry shoud include the addition of the supplies on hand and the unused supplies. That is,
500 + 700 = 1200 dollars
Buildings, land, machinery, plants and top Management are the fixed products from which the efficiency is measured.
<h3>What is
fixed factor of production?</h3>
Fixed factors are those that remain constant regardless of whether output increases or decreases. These often include physical spaces like offices and factories, as well as capital goods like machinery and computer systems.
Thus, Buildings, land, machinery, plants and top Management
For more details about fixed factor of production, click here:
brainly.com/question/14641043
#SPJ1
The answer to the question is "Customer- Oriented".
<span>Julia's is an upscale women's clothing store. prices are based on customers' beliefs about the value of the clothing. the store focuses on a limited target market and provides excellent customer service.Julia's is using a CUSTOMER ORIENTED pricing strategy.</span>