1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Butoxors [25]
3 years ago
6

Able Pads, Inc., sells plain white printer paper in a perfectly competitive market. What does its individual demand curve look l

ike?

Business
1 answer:
nirvana33 [79]3 years ago
3 0

Answer:

The demand curve will look like a straight  line .

Explanation:

Perfect competition is that in which there are large number of buyers and large number of sellers of a commodity and no individual sellers or buyer can control the prices. If the seller try to influence the price then they will loss their buyers as there are many other seller also exist in the market.

Under perfect competition , the firm produce homogeneous product. Both buyers and sellers have full knowledge of the market.

The curve under perfect competition is indicated by horizontal . It shows that a firm can sell any quantity of a product at the prevailing price . And no quantity if they  influence the price.

<u>The figure under shows the curve:</u>

You might be interested in
During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
Veseljchak [2.6K]

Answer: 320 units

Explanation:

The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:

Total units completed= 160 units + 290 units = 450 units

Beginning WIP = 160 units

Ending WIP = 30 units

Equivalent units of production:

= 450 + 30 - 160

= 480 - 160

= 320 units

8 0
3 years ago
The Hi-Stakes Company has a number of importing and exporting transactions. Importing activities result in payables and exportin
Lorico [155]

Answer:

The Hi-Stakes Company

a. If the direct exchange rate increases, the dollar strengthens relative to the other currency.

b. If the indirect exchange rate increases, the dollar also strengthens relative to the other currency.

Explanation:

When the exchange rate increases, it means that more of the other currency is required in order to embark on importing and exporting transactions.  However, the increases will weaken the ability of the importing currency to afford the dollar-based goods, which have then being made more expensive.

3 0
3 years ago
Define the law of demand in a perfectly competitive market
xz_007 [3.2K]
Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
3 0
3 years ago
The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor
igor_vitrenko [27]

Answer:

The options are given below:

A. $10.

B. $4.

C. $6.

D. $11.

The correct options is D.

Explanation:

Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.

Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:

Purchase price = $4

Transportation cost = $6

Packing and loading cost = $1

Landing cost = $4 + $6 + $1 = $11.

5 0
3 years ago
Johnson &amp; Johnson learns about consumer needs by understanding the environment in which a product is used and the different
Sergio [31]

Answer: Social Networking

Explanation:

Social networking service which is also referred to as the social networking site is known as an online podium which individual uses in order to build the social networks also referred to as the social relationship with other individual who tend to share the analogous career concerns, activities, history or other connections.

6 0
3 years ago
Other questions:
  • Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales throu
    11·1 answer
  • A retail store credited the sales revenue account for the sales price and the amount of sales tax on sales. if the sales tax rat
    8·1 answer
  • Travis Company purchased merchandise on account from a supplier for $7,500, terms 2/10, net 30 on December 26. Travis Company pa
    10·1 answer
  • Water that can be reused without purification for watering your yard and can help reduce overall water usage is called _________
    6·1 answer
  • The following is the cash flow from a manufacturing plant in the next five years:
    10·1 answer
  • A common stock pays an annual dividend per share of $1.80. The risk-free rate is 5 percentand the risk premium for this stock is
    10·1 answer
  • On June​ 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400​, and transferred the costs to Finished Goods In
    13·1 answer
  • If the government decides to adopt a carbon tax, the price of goods whose production generates carbon emissions will __________
    10·1 answer
  • Discount Outlet has net income of $389,100, a profit margin of 2.8 percent, and a return on assets of 8.6 percent. What is the c
    8·1 answer
  • What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!