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fenix001 [56]
3 years ago
14

The market for corn in Brazil has a large number of sellers and there is no difference in the products sold by each seller. As t

here are also a large number of buyers for corn, the actions of a single seller or buyer cannot affect the price. The market for corn in Brazil can be described as ____.
a. monopolistic competition
b. pure competition
c. an oligopoly
d. a monopoly
e. modified competition
Business
1 answer:
LenaWriter [7]3 years ago
8 0

Answer:

Option (b) is correct.

Explanation:

In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.

If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.

There are some characterstics of the firms under pure competition market condition:

(i) They are selling homogeneous products.

(ii) Price taker firms

(iii) Large no. of buyers and sellers

 

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North Dakota Electric Company estimates its demand trend line​ (in millions of kilowatt​ hours) to​ be:
Karolina [17]

Answer:

90.3 ; 157.4 ; 176.9 ; 79.9

Explanation:

Given that:

Estimated demand trend line (in millions of kilowatt hour) for North Dakota Electricity company is :

D​ = 80.0 ​+ 0.45​Q,

Q = quarter number

Quarter Factor​ (Index)

Winter 0.72

Spring 1.25

Summer 1.40

Fall 0.63

In year 26​ (quarters 101-104):

Energy use (E) for each quarter = (Demand * quarter factor)

Winter ; Q = 101

E = [80.0 ​+ 0.45​(101)] * 0.72 = 90.3

E = [80.0 ​+ 0.45​(102)] * 1.25 = 157.4

E = [80.0 ​+ 0.45​(103)] * 1.40 = 176.9

E = [80.0 ​+ 0.45​(104)] * 0.63 = 79.9

6 0
2 years ago
Recently Kaden switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Kaden re
igomit [66]

Answer: esteem

Explanation:

According to Maslow, the esteem need is important to Kaden. Esteem needs simply means the need for self esteem, respect, and self-confidence.

Esteem needs are the basis through which other people value and accept us. As individuals, if we are don't have self esteem, it can bring about inferiority complex. Esteem needs brings about confidence, social acceptance, and respect from others.

6 0
2 years ago
Maria's company makes televisions. The Clarity, a 4K television featuring wireless capabilities, is their best selling model, an
Ghella [55]

Answer:

<u>Planned obsolescence.</u>

Explanation:

Planned obsolescence is a strategy used by companies whose goal is to ensure the outdated product and the release of an updated version of the product to arouse the interest of consumers and consequently an increase in demand for the product with greater functionality.

There are several market sectors that use the planned obsolescence strategy, which can be noticed in technology companies, which require more frequent product replacements (smarthphones, computers, tablets ...) due to the wear and tear of physical components and operating system upgrades. generally requires larger features less compatible with previous hardware.

Therefore, despite a widely used strategy, it is ideal for organizations to analyze the implementation of planned obsolescence so as not to be misunderstood by consumers when improvements and upgrades are insufficient to replace the product with a newer one.

3 0
2 years ago
A bag contains 9 red marbles, 5 white marbles, and 6 blue marbles. You draw 4 marbles out at random, without replacement. Find t
IRINA_888 [86]

a) 0.0260

b) 0.0681

Explanation:

a)

The bag contains:

r = 9 (number of red marbles)

w = 5 (number of white marbles)

b = 6 (number of blue marbles)

So, the total number of marbles in the bag at the beginning is:

n=9+5+6=20

At the 1st attempt, the probability of choosing a red marble is:

p(r)=\frac{r}{n}=\frac{9}{20} (1)

At the 2nd attempt, the 1st red marble is not placed back, so now the number of marbles is (n-1), while the number of red marbles left is (r-1). So the probability of choosing another red marble at the 2nd attempt is

p(r)=\frac{r-1}{n-1}=\frac{8}{19} (2)

With a similar argument, the probabilities of selecting a red marble in the 3rd and 4th attempt are

p(r)=\frac{7}{18} (3)

p(r)=\frac{6}{17} (4)

Therefore, the probability of drawing 4 red marbles in the first 4 attempts without replacing is:

p(rrrr)=\frac{9}{20}\frac{8}{19}\frac{7}{18}\frac{6}{17}=\frac{3024}{116280}=0.0260

b)

At the 1st draw, the probability that the marble is not red is:

p(r^c)=1-p(r)=1-\frac{9}{20}=\frac{11}{20}

At the 2nd draw, there are 9 red marbles left and 19 total marble left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{19}=\frac{10}{19}

At the 3rd draw, there are 9 red marbles left and 18 total marbles left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{18}=\frac{9}{18}

Finally, with a similar argument the probability of NOT drawing a red marble at the 4th and last attempt is:

p(r^c)=\frac{8}{17}

So, the total probability of drawing 4 non-red marbles in the first 4 attempts is:

p(r^cr^cr^cr^c)=\frac{11}{20}\frac{10}{19}\frac{9}{18}\frac{8}{17}=\frac{7920}{116,280}=0.0681

6 0
2 years ago
NeXL
g100num [7]

Answer:

tweedle dee and tweedle

Explanation:

freddy and bart

3 0
2 years ago
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