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Lelu [443]
3 years ago
9

In a competitive market,

Business
1 answer:
kap26 [50]3 years ago
3 0

Answer:

The answer is C.

Explanation:

The following are the characteristics of perfect competitive market:

1. The product(goods and services) are homegenous i.e they are identical. The same brand, quality etc.

2. There is little or low barrier to entry and exit

3. There large number of buyers and sellers that nobody(buyer or seller) can influence the price of goods and services.

4. The sellers or producers are price-taker

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A manager is assessing whether a business decision is ethical. She believes that if the benefits of a choice exceed the costs, t
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<h3>What is Utilitarianism?</h3>

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Between April 2011 and April 2016, the price of a U.S. postage stamp increased from $0.41 to $0.46. The price of a U.S. postage
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Answer:

The price of a U.S. postage stamp has increased approximately <u>63%</u> in terms of Indian rupees and <u>10%</u> in terms of Chinese yuan.

Explanation:

the exchange rate between the US dollar and the Indian rupee:

April 2011 = 45.54 Indian rupees per  dollar x $0.41 = 18.67 Indian rupees

April 2016 = 66.16 Indian rupees per  dollar x $0.46 = 30.43 Indian rupees

change in Indian rupees = (30.43 - 18.67) / 18.67 = 63%

the exchange rate between the US dollar and the Chinese yuan:

April 2011 = 6.61 Chinese yuan per  dollar x $0.41 = 2.71 Chinese yuan

April 2016 = 6.48 Chinese yuan per  dollar x $0.46 = 2.98 Chinese yuan

change in Chinese yuan = (2.98 - 2.71) / 2.71 = 10%

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