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
AveGali [126]
3 years ago
13

Suppose a firm in a competitive market, like the one depicted in panel (a), observes market price rising from P1 to P2. Which of

the following could explain this observation?
a. The entry of new firms into the market.
b. The exit of existing consumers from the market.
c. An increase in market supply from S0 to S1.
d. An increase in market demand from D0 to D1.
Business
1 answer:
MakcuM [25]3 years ago
5 0

Answer:

The correct answer is D) An increase in market demand from D0 to D1

Explanation:

In a competitive market, there are enough firms so that no firm can influence prices significantly.

In such conditions, and holding all other variables constant, a increase in market price from P1 to P2 can only result from an increase in demand.

If more consumers want a product, and supply remains the same, the price of it will rise.

You might be interested in
The primary goal of the consumer financial protection bureau is
ASHA 777 [7]
The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>
7 0
2 years ago
Read 2 more answers
Sheffield Corp. started the year with total assets of $220000 and total liabilities of $130000. During the year the business rec
Thepotemich [5.8K]

Answer:

Net Income for the year is $95,000.

Explanation:

The income which is calculated by deducting all the related expense from the revenue even after interest and taxes. Net Income is the amount which is available to distribute amount the stockholders, either preferred or common.

As we know

Net Income = Revenue - Expenses

Revenue = $164,000

Expenses = $69,000

Net Income = $164,000 - $69,000

Net Income = $95,000

6 0
3 years ago
Read 2 more answers
Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. The company decides to cl
uranmaximum [27]

Answer: The answer is No, because the MB > MC

Explanation:

They are not cleaning up enough because the MB>MC. Therefore, all other options which cut across - Yes, because the MC > MB,

No, because the MB > MC,

Yes, because the MB > MC and

No, because the MC > MB are wrong.

5 0
3 years ago
Terry company had january 1 inventory of $100,000 when it adopted dollar-value lifo. during the year, purchases were $600,000 an
inna [77]

Answer:

Terry's Closing Inventory is $131,360.

Terry's Gross profit is $431,360.

We follow these steps to arrive at the answers:

<u>1. Calculate the base value of closing inventory (CI):</u>

CI_{base value} = \frac{CI*Index at base year}{current price index}

CI_{base value} = \frac{143360*100}{112} =  128,000

<u>2. Calculate additions to inventory at base price</u>

Additions to inventory = CI_{base value} - Beginning inventory

Additions to inventory = 128000 - 100000 = 28,000

<u>3. Calculate the value of additions to inventory at current prices</u>

Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}

Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360

<u>4. Calculate the value of Closing inventory</u>

Closing inventory = Beginning Inventory + Additions to inventory_{current Value}

Closing inventory = 100,000 + 31,360 =  131,360

<u>5. Compute Cost of Goods Sold (COGS):</u>

COGS = Opening Inventory + Purchases - Closing Inventory

COGS = (100000 + 600000 - 131360) = 568640

<u>6. Compute Gross profit</u>

Gross profit = Sales - COGS

Gross profit = 1000000 - 568640 = 431360

5 0
3 years ago
Marketing research is the process of defining a marketing problem and opportunity. True or False
maxonik [38]

Answer:

TRUE

Explanation:

Market research is the process of defining a marketing problem and opportunity by systematically collecting and analyzing data received, and then giving recommended actions. It involves gathering data about the target market needs, and analyzing such data to determine the need of the target market. It is a process that involve evaluating the possibilities of a new product success through research.

3 0
3 years ago
Other questions:
  • Today, you have two coins each of which is valued at $100. One coin is expected to appreciate by 5.2 percent annually while the
    7·1 answer
  • BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
    13·1 answer
  • Why are both life expectancy and quality of life used to evaluate overall health?
    15·1 answer
  • Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
    15·1 answer
  • What is product differentiation?
    12·1 answer
  • How do you get cheap airline tickets?
    5·1 answer
  • Dyckman Dealers has an investment in Thomas Corporation bonds that Dyckman accounts for as a trading security. Thomas Corporatio
    8·1 answer
  • Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South
    9·1 answer
  • If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of
    14·1 answer
  • a report must be sent promptly to FINRA if a registered employee of a member firm for all of the following EXCEPT: A has violate
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!