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3 years ago

Which is a feature of a perfectly competitive market?

Business

1 answer:

levacccp [35]3 years ago

8 0

Answer: products are standardized or homogeneous

Explanation:

Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.

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For a depository institution, reserves are: liabilities it owes to customers. assets on the balance sheet. borrowings from the c

elixir [45]

Answer:

assets on the balance sheet.

Explanation:

Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults

they are assets and they cannot be lent out

7 0

3 years ago

Pulaski Plumbing Supply is planning to bring a new type of valve to market and is conducting a break-even analysis. For this ana

vekshin1

Answer:

break-even point (BEP) = 25,000 items

Explanation:

given data

Selling price = $2.50

Fixed costs = $10,000

Variable cost = $2.10

solution

we know that Revenue is sum of Fixed costs and variable costs

so we use here contribution margin method that is

Contribution margin = $ 2.50 - $ 2.10

Contribution margin = $ 0.4

break-even point (BEP) for the valve is here

break-even point (BEP) = fixed cost ÷ Contribution margin ...................1

put here value

break-even point (BEP) = $\frac{10000}{0.4}$

break-even point (BEP) = 25,000 items

4 0

3 years ago

Tom girard, director of retail operations, indicates that he is able to keep "hands-on" with the staff, and he is always awa

romanna [79]

Based on the scenario above, it is suggested that Girard practices the management by walking around. The MBWA or the management by walking around is a style where the management uses this with their managers wandering in the workplaces to check their employees.

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2 years ago

Any process that comes ito physical contact with the product that will be delivered to an external customer is …. Options Produc

Vikki [24]

The right answer for the question that is being asked and shown above is that: "Production process " Any process that comes ito physical contact with the product that will be delivered to an external customer is <span>Production process </span>

4 0

3 years ago

Three years ago, you invested $2,750. Today, it is worth $3,500. What rate of interest did you earn?

Ket [755]

Answer:

Rate of interest is 8.37%

Explanation:

Future Value = $PV(1+r)^{3}$