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Ainat [17]
3 years ago
14

Price in a perfectly competitive industry: Select one:_____

Business
1 answer:
lapo4ka [179]3 years ago
4 0

Answer:

The correct answer is option b.

Explanation:

In a perfectly competitive market or industry, the firms are price takers. The price is determined by the market forces of demand and supply. The individual firms will face a horizontal line demand curve.  

This horizontal line represents the demand curve, price line, average revenue, and marginal revenue. The profit is maximized when the marginal cost and marginal revenue is equal to price.

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In applying fiscal policy Conservatives will normally seek to limit government and will be inclined to ________ taxes (T) during
telo118 [61]

Answer:

Decrease

Explanation:

Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.

8 0
3 years ago
Tools used to help foreign policy goals
Inessa05 [86]

The foreign policy actually used are largely dependent on a nation's foreign policy agenda.


1) Foreign Aid

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3) Diplomacy


I hope that's help :0

8 0
3 years ago
Land used for raising crops or livestock is generally called a
lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

8 0
3 years ago
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In​ manufacturing, excess capacity can be used to A. do fewer​ setups, lengthen production​ runs, and drive down inventory costs
Aleksandr-060686 [28]

Answer:

In​ manufacturing, excess capacity can be used todo more​ setups, shorten production​ runs, and drive down inventory costs

Explanation:

Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for. Context: It exists when marginal cost is less than average cost and it is still possible to decrease average (unit) cost by producing more goods and services

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3 years ago
Who most likely actually pays the tax on rental property?
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landlord jk

Explanation:

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