Where its triangle which takes into account a basic design like economic structure etc....
A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
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Answer:
Product K1 = 16.9
Product S5 = 8.6
Product G9 = 10.4
Explanation:
Product K1 Product S5 Product G9
Contribution a $52.39 $20.64 $66.56
($147.39 - $95.00) ($112.64 - 92.00) ($215.56 - $149.00)
Number of Material
Required Per Unit b 3.1 2.4 6.4
Contribution margin
per pound 16.9 8.6 10.4
c = (a ÷ b)
Order in which products
should be produced
and filled 1 3 2
Answer:
1. Average
2. Average
3. Decline
4. Much faster than average
Explanation:
Got it right on edge 2021
Public Domain would be the right answer cause if something is in the Public Domain, then it is free to use without consent of the owner.