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
kramer
3 years ago
10

The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops do not need a pricing strategy and

do just a little advertising when a crop comes in. The wheat is sold in a(n) __________ type of competitive market.
Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer: perfect

Explanation:

A perfect competitive industry is characterised by:

1. Plenty buyers and sellers of identical goods.

2. Firms that are price takers. Market prices are set by market forces.

3. Free entry and exist of firms

4. Little need for advertising because goods are all identical.

Because wheat is identical with all other wheat, there's little need for advertising and no need for a pricing strategy, wheat is been sold in a perfectly competitive market.

I hope my answer helps you.

You might be interested in
During the year ended June 30, 2020, Hopkins College, a private college, received a federal government grant of $800,000 for res
ratelena [41]

Answer:

b

Explanation:

8 0
3 years ago
Which of the following is not true regarding economic exposure? a. The impact of a change in the local currency on inflow and ou
Natali [406]

Answer:

Option A The impact of a change in the local currency on inflow and outflow variables can sometimes be indirect and therefore different from what is expected.

Explanation:

The reason is that the changes in the currency exchange rate in which the company receives the payment and is also not a home currency, such risk exposure is known as economic exposure. So the only option that correct here is option A.

Option B is incorrect because depreciation is non cash item and it is not exposed to currency fluctuations.

Option C and D are also incorrect because domestic firms don't face any economic exposure.

8 0
3 years ago
Assuming that the car was stolen prior to delivery to abc motors and without the knowledge of any representative of abc motors,
tamaranim1 [39]

I believe in this case that ABC motors is the customer and the car was still being delivered to their office. Therefore the correct answer to this is:

The title of ABC motors would be “Void”

<span>This is considered right away as Void since there was no information or any knowledge on the part of ABC motors about the stolen car. </span>

7 0
3 years ago
Answer the question on the assumption that the legal reserve ratio is 20 percent. suppose that the fed sells $500 of government
mel-nik [20]

The sale and purchase of government securities by the Fed would leave reserves unchanged.

<h3>What is the effect of the purchase and sale of government securities?</h3>

The Fed is the Central Bank of the United States. One of the duties of the Fed is to conduct monetary policies. Monetary polices are used to affect the level of money supply in the economy.

One of the monetary policy tools of the Fed is open market operation. When the Fed sells government securities, it is known as an open market sales which reduce money supply. When the Fed buys government securities, it is known as an open market purchase which increases money supply.

Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. Reserve ratio is determined by the Fed.

Change in reserve = (  value of government securities bought / reserve ratio) - (value of government securities sold / reserve ratio)

($500 / 0.2) - (500 / 0.2)  = 0

To learn more about reserve ratio, please check: brainly.com/question/6831267

#SPJ1

7 0
2 years ago
while the supply of major film stars is small and relatively fixed in the short run, the demand for the average doctor or nurse
antiseptic1488 [7]

False, while the supply of major film stars is small and relatively fixed in the short run, the demand for the average doctor or nurse is quite large globally. By stating that the marginal benefit of services provided by doctors and nurses is considerably lower than the marginal benefit of services provided by major film stars, the diamond-water paradox is illustrated. This suggests that while there is a greater demand than there is for major film stars, there is a greater supply of doctors and nurses.

The marginal utility that major movie stars provide to moviegoers is greater than the marginal utility that patients receive from doctors and nurses. This is due to the fact that people who use the services of well-known actors and actresses are more willing to pay for them than people who use the services of physicians and nurses. Though a person's health is more important to their quality of life than movies, consumers value movies more for their utility than their health, especially once they have achieved a basic level of sound health. This actually explains the "diamond water paradox," in which consumers are willing to pay more for valuable diamonds than they are for the water that sustains life. In plain English, people are more willing to value the satisfaction they get from watching one more movie than they are from receiving more medical attention. That implies that people only give basic healthcare needs a thought.

Note that the full question is:

Movie stars such as Salma Hayek, Samuel L. Jackson, Dwayne Johnson, and Jennifer Lawrence are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. By contrast, doctors and nurses earn considerably less over the same time period. Why might this be? While the supply of (major film stars OR doctors and nurses) is small and relatively fixed in the short run, the demand for (the average doctor or nurse OR movies featuring these film stars) is quite large globally. By contrast, the marginal benefit of the services provided by (major film stars OR doctors and nurses) is relatively low, although the total benefit is quite high. This illustrates the diamond-water paradox. True or False

Learn more about marginal utility brainly.com/question/15050855

#SPJ4

4 0
1 year ago
Other questions:
  • After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This require
    7·1 answer
  • According to the text, for an entrepreneurial start-up to be successful, three ingredients are critical. What are they? Group of
    14·1 answer
  • The salesperson for the Big Apple Sign Corporation was trying to get a hardware storeowner to buy a new kind of advertising tool
    9·2 answers
  • These workers state the "only thing they have is their work". This statement suggests that without this work, they would have a
    11·1 answer
  • Prior to investing, you should..
    8·1 answer
  • You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o
    5·1 answer
  • On January 1, 2016, Brian's stock portfolio is worth $100,000. On September 30, 2016, $5,000 is withdrawn from the portfolio, an
    11·1 answer
  • If a company has two projects of equal value to selected from how would they decide which one to choose for their budget?
    5·1 answer
  • Required information Skip to question [The following information applies to the questions displayed below.]
    8·1 answer
  • Which of the following is an insurance company?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!