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4 years ago

The model of competitive markets relies on these three core assumptions:

Business

1 answer:

Vesnalui [34]4 years ago

7 0

Answer:

The three scenarios describe a competitive market.

Explanation:

1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.

Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa

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Suppose Columbia Sportswear Company had accounts receivable of $206,090,000 at the beginning of a recent year, and $267,085,000

scZoUnD [109]

Answer:

The amount of cash receipts from customers: $1,032,865,000

Explanation:

Assuming that all Sales revenue was on credit sales.

In Suppose Columbia Sportswear, Sales revenue was $1,093,860,000, accounts receivable in the year increased $1,093,860,000. Basing on formula:

Accounts receivable at year-end = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable decreasing in the year

Thefore:

Accounts receivable decreasing in the year = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable at year-end = $206,090,000 + $1,093,860,000 - $267,085,000 = $1,032,865,000

This is also the amount of cash receipts from customers.

3 0

3 years ago

WILL GIVE BRAINLIEST !!!!!

sergij07 [2.7K]

You can spend money on things you need first instead of the things you want. Most people spend their pay on things that they want rather than getting something they need this leads to financial problems. Another way is to put at least $20 in the bank every paycheck. This way if something bad happens and you need to pay for it then you have the extra money in your bank. Daily spending can be a bad thing because you are constantly spending and never saving money, and life is full of surprises so you need to save money as well for preparation.

Hope this helped. Have a great day!

4 0

3 years ago

Read 2 more answers

Ethan, a middle manager, schedules tasks and allows his employees to utilize their skills and special abilities to the maximum p

beks73 [17]

The correct answer is "self-actualization needs".

Self-actualization needs refers to the needs of an individual for his or her personal growth and development throughout their life. It is known to be the highest point of Maslow's hierarchy of needs, wherein it was developed by the famous psychologist, Abraham Maslow. Once you have already self-actualized, you may have already met your full potential as an individual.

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3 years ago

Suppose that electricity producers create a negative externality equal to $5 per unit. Further suppose that the government impos

VashaNatasha [74]

Answer:

They are equal

Explanation:

Negative externality is when the benefits of economic activities to third parties is less than its costs.

A tax is levied on negative externality to reduce quantity produced to the social optimal quantity.

If the amount of tax is equal to the amount of total negative externality, then after-tax equilibrium quantity will be equal to social optimal quantity.

If the amount of tax is less than the amount is equal to the amount of total negative externality, then after-tax equilibrium quantity will be greater than the social optimal quantity.

If the amount of tax is greater than the amount is equal to the amount of total negative externality, then after-tax equilibrium quantity will be less than the social optimal quantity.

I hope my answer helps you

8 0

3 years ago

Read 2 more answers

The cases filed with HR at The Cross Company are concerning in that most of the classes that are protected by the CRA may have b

Viefleur [7K]

Answer: Political Preference

Explanation: You cannot judge anyone based on their political views.

5 0

3 years ago